The annual inflation rate in Vietnam slowed to 2.56 percent in January 2019, the lowest since July 2017, from 2.98 percent in the previous month. Inflation eased for housing and construction materials (0.94 percent vs 1.14 percent in December) and household appliances and goods (1.35 percent vs 1.36 percent), while transport prices fell sharply (-3.95 percent vs 0.21 percent). Meanwhile, prices rose faster for both food (2.06 percent vs 2.01 percent) and garment, footwear, hat (1.73 percent vs 1.68 percent). Annual core inflation, which excludes volatile items, went up to 1.83 percent from 1.70 percent in December. On a monthly basis, consumer prices edged up 0.10 percent, following a 0.25 percent fall in December. Inflation Rate in Vietnam averaged 6.35 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 2.30 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.