Inflation likely to stay below 4.5% this year in Vietnam

Keeping it low: A vegetable vendor waiting for customers in Hanoi. If the CPI continues to be maintained for the rest of the year, the inflation rate will be at 2.5% this year, according to Do. — AFP

HANOI: The goal of keeping inflation under 4.5% this year is totally feasible, as the rate will likely range between 2.5 and 3.5%, according to experts.

Vice-director of the Institute of Economics and Finance under the Academy of Finance Nguyen Duc Do analysed that factors like money supply, interest rates and aggregate demand not only caused inflation to drop sharply in the first six months of 2023, but also restrained the consumer price index (CPI) increases in the last six months.