The annual inflation rate in Vietnam decreased to 2.16 percent in June 2019 from 2.88 percent in the previous month. This was the lowest inflation rate since April 2016, as housing and construction materials prices rose less than in the previous month (3.33 percent from 4.21 percent in May) while prices fell for transport (-0.52 percent from 2.28 percent) and food (-0.56 percent from -0.68 percent). Meanwhile, prices went up at a faster pace for: household appliances and goods (1.44 percent from 1.32 percent); education (6.29 percent from 6.17 percent), and garment, footwear, hat (1.88 percent from 1.79 percent). Annual core inflation, which excludes volatile items, edged up to 1.96 percent in June from 1.90 percent in May. On a monthly basis, consumer prices inched down 0.09 percent, following a 0.49 percent rise in May. Inflation Rate in Vietnam averaged 6.29 percent from 1996 until 2019, 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.
Inflation Rate in Vietnam is expected to be 2.50 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 3.10 in 12 months time. In the long-term, the Vietnam Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.