V Determinants of Inflation
Author:
Mr. Krishna Srinivasan
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Erich Spitäller https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. M. Braulke https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Christian B. Mulder
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Mr. Hisanobu Shishido
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Mr. Kenneth M. Miranda
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Mr. John R Dodsworth
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Keon Lee https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:
English
Print Publication Date:
15 Mar 1996
Keywords:
OP; IMF staff estimate; government; balance of payments estimate; loss-making state-owned enterprise sector; FDI commitment; state enterprise sector; staples price; Inflation; Exchange rates; Foreign direct investment; Agricultural sector; Exchange rate policy; Mekong; Asia and Pacific; East Asia; South Asia; Eastern Europe; price effect; inflation control; price variable; fertilizer price; Agricultural prices; Consumer prices; Consumer price indexes; Agricultural commodities

Abstract

Vietnam has had remarkable success in bringing inflation under control. In the wake of policies that the country has pursued, the increase in consumer prices declined from 394 percent in 1988 to 5 percent in 1993. Thereafter, however, despite continuing commitments to consolidate the gains that had been made, inflation again accelerated. By the end of 1994, inflation stood at 14 1/2 percent, and there are indications that its pace increased further, to about 20 percent, in the first half of 1995. The debate about the appropriate policy response has raised questions about the factors involved in inflation and whether the recent acceleration is likely to be temporary or protracted.

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Cover Vietnam
Vietnam
Transition to a Market Economy
ISBN:
9781557755384
ISSN:
0251-6365
Publication Date:
15 Mar 1996
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557755384.084
Pages:
72

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