Consumer Price Index

A cautious approach in managing inflation could help ensure the consumer price index (CPI) staying below 3%.

Vietnam’s economy with high level of openness could be susceptible to rising inflation as a result of growing global commodity prices.

Core inflation rose 2.31% year-on-year in 2020.

Core inflation comes at 2.52% year-on-year in the first ten months of 2020.

Core inflation comes at 2.59% year-on-year in the first nine months of 2020.

Core inflation rose 2.66% year-on-year in the first eight months of 2020.

Core inflation rose 2.74% year-on-year in the first seven months of 2020.

Core inflation in the first six months of 2020 rose by 2.81% year-on-year.

The consumer prices, however, increased 4.39% year-on-year in the January- May period, the highest five-month growth rate over the last three years.

With the new threshold in place, set to take effect from January 1, 2020 retrospectively, there would be more than 1 million people whose incomes are not taxable.