Econ
Vietnam’s six-month CPI lowest over three years
The CPI in June dropped due to the stable macro-economic environment, the Vietnamese government`s efforts to control inflation, the efforts in the management of prices of gasoline, gas, electricity, textbook and medical services.
Vietnam’s average consumer price index (CPI) in the first half of 2019 increased 2.64% year-on-year, the lowest pace recorded over the past three years, according to the General Statistics Office (GSO).
The GSO said that CPI in June 2019 decreased by 0.09% compared to the previous month, but increased by 1.41% compared to December 2018 and increased by 2.16% year-on-year.
The CPI in June dropped due to the stable macro-economic environment, the Vietnamese government's efforts to control inflation, the efforts in the management of prices of gasoline, gas, electricity, textbook and medical services.
In general, in Q2/2019, the CPI increased by 0.74% compared to the previous quarter and 2.65% year-on-year.
The GSO explained that prices of some consumer goods went up in the six-month period due to the increasing demand in the Tet holiday (Lunar New Year), the longest and most important yearly holiday in Vietnam.
Between January and June, the price of oil and gas fell 3.55% year-on-year, contributing to a 0.15 percentage-point fall in the CPI. Education and health services also experienced price decreases during the period.
The GSO’s statistics show that June’s core inflation (the CPI exclusive of foodstuffs, fresh food, energy, health care and education services) rose 0.16% against the previous month and 1.96% year-on-year.
The GSO said that CPI in June 2019 decreased by 0.09% compared to the previous month, but increased by 1.41% compared to December 2018 and increased by 2.16% year-on-year.
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In general, in Q2/2019, the CPI increased by 0.74% compared to the previous quarter and 2.65% year-on-year.
The GSO explained that prices of some consumer goods went up in the six-month period due to the increasing demand in the Tet holiday (Lunar New Year), the longest and most important yearly holiday in Vietnam.
Between January and June, the price of oil and gas fell 3.55% year-on-year, contributing to a 0.15 percentage-point fall in the CPI. Education and health services also experienced price decreases during the period.
The GSO’s statistics show that June’s core inflation (the CPI exclusive of foodstuffs, fresh food, energy, health care and education services) rose 0.16% against the previous month and 1.96% year-on-year.
