Vietnam: Inflation accelerates in May from April
Latest reading: Consumer prices were up 5.6% on a year-on-year basis in May, following a 5.5% rise in the prior month. May’s reading was the strongest since January 2020.
Relative to the prior month’s data, there were higher price pressures for transportation (+10.5% in annual terms vs +9.1% in April) and housing and construction materials (+6.9% vs +6.7% in April). In contrast, price pressures reduced for food in May (+3.9% vs +4.1% in April). Finally, the change in education prices was the same as in the prior month (+10.1% in May and April).
Lastly, consumer prices rose 0.29% in May in month-on-month terms, following a 0.84% rise in the previous month.