Vietnam Inflation Surpasses Target

Vietnams annual inflation rose to 5.08 percent in September, exceeding the official target of 4.5 percent and pressuring monetary policy management. The central bank confirmed prices remain under control while pledging flexible policies.

A Vietnamese flag flies atop the State Bank building, near the Vietcombank and Bank for Investment and Development of Vietnam buildings, in central Hanoi, Vietnam November 23, 2017. REUTERS/Kham

Vietnam's annual inflation rose to 5.08% in September, exceeding the central bank's 4.5% target and pressuring monetary policy management. The reading compares with 4.89% in August, driven by imported fuel costs. Officials maintain that pricing pressures remain under control.

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