The annual inflation rate in Vietnam declined to 3.18 percent in August of 2020 from 3.39 percent in the previous month. Prices rose softer mostly for housing & construction materials (0.43 percent vs 0.66 percent in July), food & catering services (11.75 percent vs 11.89 percent), textiles, footwear, hat (0.52 percent vs 0.64 percent) and education (3.74 percent vs 4.15 percent). Meanwhile, transport prices continued to fall (-13.56 percent vs -14.04 percent), due to the impact of the gasoline and oil price increase adjustment on July 28th, 2020, and the decrease in gasoline and oil prices on August 12th, 2020. Annual core inflation, which excludes volatile items, decreased to 2.16 percent in August, the lowest since last October.
Inflation Rate in Vietnam averaged 6.16 percent from 1996 until 2020, 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 2020. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Vietnam to stand at 3.50 in 12 months time. In the long-term, the Vietnam Inflation Rate is projected to trend around 4.00 percent in 2021, according to our econometric models.