The annual inflation rate in Vietnam declined to 2.26 percent in August 2019 from 2.44 percent in the previous month. Prices rose slowed for food and catering services (1.70 percent from 2.34 percent in July); housing and construction materials (2.80 percent from 2.92 percent); household appliances and goods (1.36 percent from 1.42 percent); and garment, footwear, hat (1.85 percent from 1.86 percent). In addition, transport costs fell further (-0.62 percent from -0.04 percent). Meanwhile, education prices rose at a faster pace (6.60 percent from 6.48 percent in July). Annual core inflation, which excludes volatile items, went down to a three-month low of 1.95 percent in August from 2.04 percent in July. On a monthly basis, consumer prices went up 0.28 percent, following a 0.18 percent rise in July. Inflation Rate in Vietnam averaged 6.26 percent from 1996 until 2019, 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.
Inflation Rate in Vietnam is expected to be 2.50 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 3.10 in 12 months time. In the long-term, the Vietnam Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.