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Vietnam inflation softens in November

Staff Writer | December 3, 2018
According to the General Statistics Office of Vietnam, consumer prices fell 0.29% over the previous month in November, following the 0.33% increase in October.
Vietnam street
Asia   4 out of the 11 sub-components registered lower prices
A breakdown of the data showed that 4 out of the 11 sub-components registered lower prices, with traffic showing the largest fall in prices. Meanwhile, the remaining sub-components saw flat or subdued price increases in the month.

Inflation ticked down to 3.5% in November from 3.9% in October, falling further below the Central Bank’s target of 4.0%.

Meanwhile, annual average inflation ticked up to 3.5% in November from 3.4% in October.

Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, rose 0.13% over the previous month in November, a notch down from 0.13% month-on-month increase in October. Finally, core inflation was stable at October’s 1.7% in November.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects inflation to average 4.2%.


 

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