The annual inflation rate in Vietnam declined to 2.06 percent in September of 2021, the lowest since March, from 2.82 percent in the previous month, due to reduction in electricity prices. Prices rose softer for housing & construction materials (1.63 percent vs 4.34 percent in August), transport (13.58 percent vs 13.63 percent), footwear and hat (0.81 percent vs 0.89 percent), while those of education fell (-1.09 percent vs 3.98 percent). Meantime, prices of food & catering services continued to increase (1.30 percent vs 1.15 percent in August). Annual core inflation, which excludes volatile items, went down to a 6-month low of 0.74 percent in September from 0.98 percent in August. On a monthly basis, consumer prices dropped by 0.62 percent in September, the first monthly decline since April, reversing from a 0.25 percent rise in August. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 5.97 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 October of 2021.
Inflation Rate in Vietnam is expected to be 2.00 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.