The annual inflation rate in Vietnam increased to 2.82 percent in August of 2021, the highest since May, from 2.64 percent in the previous month, as of food & catering services inflation accelerated to a 5-month high of 1.15 percent in August from 0.52 percent in July. Also, footwear and hat prices advanced more (0.89 percent vs 0.88 percent). Prices continued to increase for housing & construction materials (4.34 percent vs 4.44 percent), transport (13.63 percent vs 13.82 percent) and education (3.98 percent vs 4.12 percent). Annual core inflation, which excludes volatile items, edged down to a 4-month low of 0.98 percent in August from 0.99 percent in July. On a monthly basis, consumer prices were up 0.25 percent in August, following a 0.62 percent gain July. source: General Statistics Office of Vietnam

Inflation Rate in Vietnam averaged 5.99 percent from 1996 until 2021, reaching an all time high of 28.24 percent in August of 2008 and a record low of -2.60 percent in July of 2000. This page provides the latest reported value for - Vietnam Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Inflation Rate in Vietnam is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Inflation Rate is projected to trend around 3.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Vietnam Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.82 2.64 28.24 -2.60 1996 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-29 02:00 AM May 2.9% 2.7% 3.3%
2021-06-29 02:00 AM Jun 2.40% 2.9% 3%
2021-07-29 02:00 AM Jul 2.64% 2.41% 2.4%
2021-08-29 02:00 AM Aug 2.82% 2.64% 2.6%
2021-09-29 02:30 AM Sep 2.82%
2021-10-29 02:00 AM Oct
2021-11-29 02:00 AM Nov
2021-12-26 02:00 AM Dec


News Stream
Vietnam Inflation Rate at 3-Month High of 2.8%
The annual inflation rate in Vietnam increased to 2.82 percent in August of 2021, the highest since May, from 2.64 percent in the previous month, as of food & catering services inflation accelerated to a 5-month high of 1.15 percent in August from 0.52 percent in July. Also, footwear and hat prices advanced more (0.89 percent vs 0.88 percent). Prices continued to increase for housing & construction materials (4.34 percent vs 4.44 percent), transport (13.63 percent vs 13.82 percent) and education (3.98 percent vs 4.12 percent). Annual core inflation, which excludes volatile items, edged down to a 4-month low of 0.98 percent in August from 0.99 percent in July. On a monthly basis, consumer prices were up 0.25 percent in August, following a 0.62 percent gain July.
2021-08-29
Vietnam Inflation Rate Accelerates to 2.6% in July
The annual inflation rate in Vietnam increased to 2.64 percent in July of 2021 from 2.40 percent in the previous month, due mainly to a rebound in prices of food & catering services (0.52 percent vs -0.33 percent), while prices of both housing & construction materials (4.44 percent vs 4.02 percent) and education (4.12 percent vs 4.11 percent) rose faster. Meantime, prices continued to increase for both transport prices (13.82 percent vs 15.33 percent) and footwear and hat (0.88 percent vs 0.98 percent). Annual core inflation, which excludes volatile items, edged down to 0.99 percent in July from a seven-month high of 1.14 percent in June. On a monthly basis, consumer prices were up 0.62 percent in July, the highest since February, following a 0.17 percent rise June.
2021-07-29
Vietnam Inflation Rate at 3-Month Low of 2.4%
The annual inflation rate in Vietnam declined to 2.40 percent in June of 2021, the lowest since March, from 2.9 percent in the previous month, amid a softer rise in transport prices (15.33 percent vs 21.24 percent), while prices of food & catering services fell (-0.33 percent vs 0.24 percent). Meantime, prices continued to increase for both housing & construction materials (4.02 percent vs 2.93 percent in May) and education (4.11 percent vs 4.10 percent). On the other hand, footwear and hat inflation was steady (vs 0.98 percent), Annual core inflation, which excludes volatile items, edged up to a seven-month high of 1.14 percent in June from 1.13 percent in May. On a monthly basis, consumer prices were up 0.17 percent in June, following a 0.16 percent rise May.
2021-06-29
Vietnam Inflation Rate Rises to 8-Month High
The annual inflation rate in Vietnam increased to 2.9 percent in May of 2021, the highest since last September, from 2.7 percent in the previous month, amid a jump in transport prices (21.24 percent vs 17.67 percent), due to a rise in prices of petrol. An increase in electricity and domestic water prices also had a bigger impact in CPI. At the same time, prices went up faster for housing & construction materials (2.93 percent vs 2.78 percent in April), and education (4.10 percent vs 4.07 percent). Meantime, footwear and hat inflation was steady (at 0.98 percent), while prices of food & catering services continued to increase (0.24 percent vs 0.54 percent). Annual core inflation, which excludes volatile items, increased to a six-month high of 1.13 percent in May from 0.95 percent in April. On a monthly basis, consumer prices were up 0.16 percent in May, reversing from a 0.04 percent decline April.
2021-05-29

Vietnam Inflation Rate
In Vietnam, the most important categories in the consumer price index are food and food and drink services (36.12 percent of total weight), housing and construction materials (15.73 percent), transport (9.37 percent), household appliances (7.1 percent) and clothing and footwear (6.37 percent). The index also includes: education (6 percent), health (5 percent), culture, entertainment and tourism (4.29 percent), beverages and tobacco (3.59 percent), miscellaneous goods and services (3.3 percent) and posts and telecoms (2.89 percent).