The consumer prices in Vietnam dropped 0.97 percent year-on-year in January of 2021, reversing from a 0.19 percent rise in the previous month. This was the first time decline in consumer prices since November 2001, mainly due to a fall in prices of both transport (-10.27 percent vs -11.68 percent in December 2020) and housing & construction materials (-3.55 percent vs 0.19 percent), while food & catering services inflation eased (1.03 percent vs 2.68 percent). Meantime, prices continued to increase for both education (4.13 percent vs 3.80 percent) and textiles, footwear, hat (0.47 percent vs 0.37 percent). Annual core inflation, which excludes volatile items, fell to 0.49 percent in January, the lowest since the series began in April 2015. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 6.08 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 February of 2021.
Inflation Rate in Vietnam is expected to be -0.20 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 2.00 in 12 months time. In the long-term, the Vietnam Inflation Rate is projected to trend around 4.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models.