Vietnam November Inflation Rate Lowest Since 2016
The annual inflation rate in Vietnam declined to 1.48 percent in November of 2020, the least since February 2016, from 2.47 percent in the previous month. Prices rose softer mostly for food & catering services (6.63 percent vs 9.50 percent in October), housing & construction materials (0.64 percent vs 0.70 percent), education (3.81 percent vs 3.85 percent). On the other hand, inflation accelerated for textiles, footwear, hat (0.55 percent vs 0.53 percent). Meanwhile, transport prices continued to drop (-13.27 percent vs -13.49 percent), due to the decrease in electricity and water prices. Annual core inflation, which excludes volatile items, fell to 1.61 percent in November, the lowest since September 2018.
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