The annual inflation rate in Vietnam increased to 2.82 percent in August of 2021, the highest since May, from 2.64 percent in the previous month, as of food & catering services inflation accelerated to a 5-month high of 1.15 percent in August from 0.52 percent in July. Also, footwear and hat prices advanced more (0.89 percent vs 0.88 percent). Prices continued to increase for housing & construction materials (4.34 percent vs 4.44 percent), transport (13.63 percent vs 13.82 percent) and education (3.98 percent vs 4.12 percent). Annual core inflation, which excludes volatile items, edged down to a 4-month low of 0.98 percent in August from 0.99 percent in July. On a monthly basis, consumer prices were up 0.25 percent in August, following a 0.62 percent gain July. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 5.99 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 September of 2021.
Inflation Rate in Vietnam is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.