The annual inflation rate climbed to a 12-month high of 2.86 percent in May of 2022 from 2.64 percent in the previous month, mainly boosted by faster rises in prices of food & catering services (1.32 percent vs 1.08 percent), transport (18.42 percent vs 16.59 percent), and footwear and hat (1.32 percent vs 1.13 percent). Meanwhile, prices of housing & construction materials continued to increase (2.18 percent vs 2.72 percent). In addition, prices of education dropped less (-2.17 percent vs -2.31 percent). Annual core inflation, which excludes volatile items, increased to an 18-month high of 1.61 percent in May from 1.47 percent in April. On a monthly basis, consumer prices went up 0.38 percent in May, accelerating from a 0.18 percent rise in the prior month. source: General Statistics Office of Vietnam

Inflation Rate in Vietnam averaged 5.88 percent from 1996 until 2022, 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 June of 2022.

Inflation Rate in Vietnam is expected to be 2.70 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 2.50 percent in 2023, according to our econometric models.

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Vietnam Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 02:00 AM Apr 2.64% 2.41% 2.7%
2022-05-29 02:00 AM May 2.86% 2.64% 2.9%
2022-06-29 02:00 AM Jun 2.86% 3.0%


Related Last Previous Unit Reference
Inflation Rate 2.86 2.64 percent May 2022
Consumer Price Index CPI 107.68 107.28 points May 2022
Core Inflation Rate 1.61 1.47 percent May 2022
GDP Deflator 163.58 161.49 points Dec 2020
Export Prices 107.00 108.40 points Dec 2020
Import Prices 103.60 106.80 points Dec 2020
Inflation Rate Mom 0.38 0.18 percent May 2022
Food Inflation 2.42 2.05 percent May 2022
CPI Transportation 117.18 114.49 points May 2022
Producer Prices 104.39 104.33 points Mar 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
2.86 2.64 28.24 -2.60 1996 - 2022 percent Monthly

News Stream
Vietnam Inflation Rate at 12-Month High of 2.86%
The annual inflation rate climbed to a 12-month high of 2.86 percent in May of 2022 from 2.64 percent in the previous month, mainly boosted by faster rises in prices of food & catering services (1.32 percent vs 1.08 percent), transport (18.42 percent vs 16.59 percent), and footwear and hat (1.32 percent vs 1.13 percent). Meanwhile, prices of housing & construction materials continued to increase (2.18 percent vs 2.72 percent). In addition, prices of education dropped less (-2.17 percent vs -2.31 percent). Annual core inflation, which excludes volatile items, increased to an 18-month high of 1.61 percent in May from 1.47 percent in April. On a monthly basis, consumer prices went up 0.38 percent in May, accelerating from a 0.18 percent rise in the prior month.
2022-05-29
Vietnam Inflation Rate Accelerates to 8-Month High
The annual inflation rate increased to an eight-month high of 2.64 percent in April of 2022 from 2.41 percent in the previous month, mainly driven by faster rises in prices of housing & construction materials (2.72 percent vs 1.70 percent), food & catering services (1.08 percent vs 1.00 percent), and footwear and hat (1.13 percent vs 1.01 percent). Meanwhile, prices of transport continued to rise (16.59 percent vs 18.29 percent). In addition, prices of education fell less (-2.31 percent vs -3.21 percent). Annual core inflation, which excludes volatile items, increased to a 17-month high of 1.47 percent in April from 1.09 percent in March. On a monthly basis, consumer prices were up 0.18 percent in April, easing from a 0.7 percent rise in the prior month.
2022-04-29
Vietnam Inflation Rate at 7-Month High of 2.41%
The annual inflation rate increased to a-seven-month high of 2.41 percent in March of 2022 from 1.42 percent in the previous month, which was the lowest reading since last March, due mainly to rises in both petrol and gas prices. Prices increased faster for housing & construction materials (1.70 percent vs 0.44 percent in February), transport (18.29 percent vs 15.46 percent), footwear and hat (1.01 percent vs 0.70 percent), while those of food & catering services rebounded (1.00 percent vs -0.20 percent). In addition, prices of education dropped less (-3.21 percent vs -3.30 percent). Annual core inflation, which excludes volatile items, increased to a nine-month high of 1.09 percent in March from 0.68 percent in February. On a monthly basis, consumer prices rose 0.7 percent in March, easing from a 1 percent gain in the prior month.
2022-03-29