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Inflation rate lowest in five years

Oct 31st at 10:46
31-10-2021 10:46:22+07:00

Inflation rate lowest in five years

Vietnam’s inflation rate in the first 10 months was 1.81 percent, the lowest since 2016.

People eat at an eatery in Ho Chi Minh City as on-site dining resumes, Oct. 28, 2021. Photo by VnExpress/Quynh Tran

In October alone, inflation fell 0.2 percent from September, as lifted restrictions in localities help boost goods transport and reduce stockpiling demand, General Statistics Office reported.

Demand for electricity and water also fell as the country transitioned from summer to fall while decreasing rents also contributed to lower inflation, it added.

Gold prices fell 0.21 percent from September as global rates dropped.

Vietnam targets to keep inflation rise under 4 percent this year.

Vnexpress

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