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.

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Vietnam Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.18 3.39 28.24 -2.60 1996 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 02:00 AM May 2.4% 2.9% 0.6%
2020-06-29 02:00 AM Jun 3.17% 2.4% 0.1%
2020-07-29 02:00 AM Jul 3.39% 3.17% 3.5%
2020-08-29 02:00 AM Aug 3.18% 3.39% 3.7%
2020-09-29 02:00 AM Sep 3.18% 2.9%
2020-10-29 02:00 AM Oct 2.6%
2020-11-29 02:00 AM Nov 2.3%
2020-12-26 02:00 AM Dec 2.2%


News Stream
Vietnam Inflation Rate Eases to 3.18% in August
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.
2020-08-29
Vietnam Inflation Rate at 4-Month High of 3.39%
The annual inflation rate in Vietnam increased to 3.39 percent in July of 2020 from 3.17 percent in the previous month. This was the highest inflation rate since March, mainly due to a rise in both housing and gasoline prices. Prices rose faster mostly for housing & construction materials (0.66 percent vs 0.16 percent in June), mainly due to the increase in electricity and water prices, while food & catering services prices continued to rise (11.89 percent vs 15.86 percent in June). In addition, transport prices fell much less (-14.04 percent vs -17.30 percent), due to the increase in the gasoline prices. Meanwhile, prices increased further for both textiles, footwear, hat (0.64 percent vs 0.68 percent) and education (4.15 percent vs 4.36 percent). Annual core inflation, which excludes volatile items, went down to 2.31 percent in July, the lowest since last November.
2020-07-29
Vietnam Inflation Rate at 3-Month High of 3.17%
The annual inflation rate in Vietnam increased to 3.17 percent in June of 2020 from 2.40 percent in the previous month. This was the highest inflation rate since March, due to a rise in food & catering services prices amid a loosening of coronavirus-related lockdown measures. Inflation accelerated mostly for food & catering services (15.86 percent vs 12.11 percent in May). In addition, transport prices fell less (-17.30 percent vs -23.37 percent in May), due to the increase in the gasoline prices. Meanwhile, prices continued to increase for: housing & construction materials (0.16 percent vs 0.37 percent), textiles, footwear, hat (0.68 percent vs 0.82 percent) and education (4.36 percent vs 4.53 percent). Annual core inflation, which excludes volatile items, went down to 2.45 percent in June, the lowest since last November.
2020-06-29
Vietnam Inflation Rate at 7-Month Low of 2.4%
The annual inflation rate in Vietnam declined to 2.40 percent in May of 2020 from 2.93 percent in the previous month. This was the lowest inflation rate since October of last year, due to the initiative in controlling petrol prices by government amid a loosening of coronavirus-related lockdown measures. Transport prices fell more (-23.37 percent vs -19.57 percent in April), due to the decrease in the petrol and oil prices. Also, inflation slowed mostly for housing & construction materials (0.37 percent vs 1.41 percent), textiles, footwear, hat (0.82 percent vs 0.95 percent) and education (4.58 percent vs 4.63 percent). On the other hand, costs rose faster for food & catering services (12.11 percent vs 11.78 percent). Annual core inflation, which excludes volatile items, went down to 2.54 percent in May, the lowest since last November.
2020-05-29

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).