The annual inflation rate in Vietnam edged down to a seven-month low of 3.46 percent in November 2018 from 3.89 percent in the previous month. Inflation eased for: food (2.41 percent vs 3.28 percent in October); housing and construction materials (2.28 percent vs 2.90 percent), and transport (6.24 percent vs 8.93 percent). On the other hand, prices rose faster for garment, footwear, hat (1.68 percent vs 1.56 percent) while inflation was steady for household appliances and goods (at 1.32 percent). Annual core inflation, which excludes volatile items, inched up to 1.72 percent from 1.67 percent in October. On a monthly basis, consumer prices went down 0.29 percent, following a 0.33 percent rise in October. Inflation Rate in Vietnam averaged 6.38 percent from 1996 until 2018, 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 4.00 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 4.00 in 12 months time. In the long-term, the Vietnam Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.