What is the CPI of Vietnam?
| Vietnam Prices | Last | Previous |
|---|---|---|
| Consumer Price Index CPI | 105.14 | 105.79 |
| Core Inflation Rate | 0.74 | 0.98 |
| GDP Deflator | 163.58 | 161.49 |
| Export Prices | 107.00 | 108.40 |
Why is Vietnam inflation so high?
It is undeniable that the food and oil price shocks since 2004 are important causes of the current inflation problem in Vietnam. However, while most of these shocks were common to the rest of the region, the inflation rate in Vietnam has been higher than other emerging economies in Asia.
Is the CPI manipulated?
Over the years, the methodology used to calculate the CPI has undergone numerous revisions. Some critics view the methodological changes and the switch from a cost of goods index (COGI) to a cost of living index (COLI) as a purposeful manipulation that allows the U.S. government to report a lower CPI.
What is the CPI for 2020?
The Consumer Price Index for All Urban Consumers increased 5.4 percent, not seasonally adjusted, from June 2020 to June 2021, the largest 12-month advance since the year ended August 2008. Consumer prices increased 4.7 percent from February 2020 to June 2021.
What is Vietnam’s largest export?
Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent).
Does Vietnam have bad inflation?
In 2019, the average inflation rate in Vietnam amounted to 2.8 percent compared to the previous year….Vietnam: Inflation rate from 1986 to 2026* (compared to the previous year)
| Characteristic | Inflation rate compared to previous year |
|---|---|
| 2020* | 3.22% |
| 2019 | 2.8% |
| 2018 | 3.54% |
| 2017 | 3.52% |
What is the CPI rate for 2022?
In the long-term, the United States Consumer Price Index (CPI) is projected to trend around 282.32 points in 2022 and 287.68 points in 2023, according to our econometric models.
Is a high CPI good or bad?
When there is an upward change in the CPI, this means there has been an increase in the average change in prices over time. This eventually leads to adjustments in the cost of living and income (presumably so that income is adjusted to meet a higher cost of living).
What is a good CPI?
Among the general public, the CPI is often seen as a barometer of overall economic health, with most commentators preferring a low to moderate CPI in the 2% to 3% range.
What was the inflation rate in Vietnam in 2012?
Around 2012, Vietnam suffered the consequences of the global economic crisis and domestic economic mismanagement, which saw enterprises going bankrupt, inflation peaking at over nine percent, and gross domestic product slumping to a dramatic low. Fortunately, the country recovered quickly and seemed out of the red and on a stable path by 2016.
What is the current consumer price index in Vietnam?
Looking forward, we estimate Consumer Price Index CPI in Vietnam to stand at 115.89 in 12 months time. In the long-term, the Vietnam Consumer Price Index (CPI) is projected to trend around 121.24 Index Points in 2020, according to our econometric models. Historical.
What kind of economy does Vietnam have now?
Vietnam’s economy is largely rooted in services and industry, but around 16 percent of it is generated by agriculture, mainly rice cultivation. Almost half of the Vietnamese workforce is active in this sector. Vietnam is, in fact, one of the largest exporters of rice in the world, but also one of the main consumers.