Vietnam increased 1.16 percent year-on-year in March of 2021, the highest since last November, after a 0.70 percent rise in the previous month, due mainly to a faster rise in housing & construction materials prices (0.82 percent vs 0.33 percent in February), while transport prices declined less (-0.48 percent vs -6.55 percent). Meantime, prices continued to increase for food & catering services (1.33 percent vs 2.39 percent), footwear, hat (0.81 percent vs 0.86 percent) and education (4.04 percent vs 4.08 percent). Annual core inflation, which excludes volatile items, declined to 0.73 percent in March from 0.79 percent in February. On a monthly basis, consumer prices fell 0.27 percent in March, the first monthly decline in 10 months, after the Lunar New Year, reversing from a 1.52 percent rise in February. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 6.04 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 April of 2021.
Inflation Rate in Vietnam is expected to be 2.80 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 3.40 in 12 months time. 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.