Vietnam, Indonesia 2022 Inflation Seen Accelerating Most in Asia

Customers shop at a makeshift market set up near the Foxconn factory in Viet Yen district, Bac Giang province, Vietnam, in October 2020. Photo: Bloomberg

(Bloomberg) — Inflation in Vietnam and Indonesia this year are expected to accelerate from last year by the most in Asia as global price pressures from supply chains and commodities prices continue to bleed into their economies.

The latest Bloomberg economist survey of consumer price forecasts shows that Vietnam’s inflation will likely accelerate by 1.4 percentage points to 3.45% in 2022. Indonesia and China are expected to follow suit with headline inflation seen rising by at least 120 basis points.

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