The annual inflation rate in Vietnam increased to a near 2-year high of 3.37 percent in June of 2022 from 2.86 percent in May, mainly boosted by faster rises in prices of food & catering services (2.27 percent vs 1.32 percent), transport (21.41 percent vs 18.42 percent), and textile, footwear and hat (1.49 percent vs 1.32 percent). Meanwhile, prices of housing & construction materials continued to rise (1.53 percent vs 2.18 percent). In addition, prices of education fell less (-2.13 percent vs -2.17 percent). Annual core inflation, which excludes volatile items, climbed to a 22-month high of 1.98 percent in June from 1.61 percent in May. On a monthly basis, consumer prices rose 0.69 percent in June, the most in three months, accelerating from a 0.38 percent gain in the prior month. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 5.87 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 2.90 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.