The annual inflation rate in Vietnam increased to 5.23 percent in December 2019 from 3.52 percent in the previous month. This was the highest inflation rate since January 2014, as inflation accelerated for housing and construction materials (5.12 percent vs 3.73 percent in November); food and catering services (9.17 percent vs 5.61 percent); education (4.25 percent vs 4.23 percent), while transport costs rebounded sharply (3.52 percent vs -2.13 percent). Meantime, inflation eased for textile, footwear, hat (1.49 percent vs 1.59 percent). Annual core inflation, which excludes volatile items, went up to 2.78 percent in December from 2.18 percent in November, the highest since the series began in April 2015. On a monthly basis, consumer prices rose 1.40 percent, the highest since September 2012.
Inflation Rate in Vietnam averaged 6.22 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. 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. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam is expected to be 4.00 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 3.60 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.