Vietnam skyline

Vietnam Inflation November 2019

Vietnam: Inflation surges in November but remains on target

According to the General Statistics Office of Vietnam, consumer prices rose 0.96% in November over the prior month, up from October’s 0.59% rise. November’s reading came on the back of higher pork prices due to the impact of African swine fever on herd numbers.

Inflation surged from 2.2% in October to 3.5% in November amid a sharp rise in food price inflation. This marked the highest reading since December 2018 but was still in line with the government’s target of below 4.0% inflation. Core inflation increased from 2.0% to 2.2%.

Inflation is seen averaging close to its current level next year, supported by strong economic activity and a higher minimum wage.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen