The annual inflation rate in Vietnam declined to 2.40 percent in May of 2020 from 2.93 percent in the previous month. This was the lowest inflation rate since October of last year, due to the initiative in controlling petrol prices by government amid a loosening of coronavirus-related lockdown measures. Transport prices fell more (-23.37 percent vs -19.57 percent in April), due to the decrease in the petrol and oil prices. Also, inflation slowed mostly for housing & construction materials (0.37 percent vs 1.41 percent), textiles, footwear, hat (0.82 percent vs 0.95 percent) and education (4.58 percent vs 4.63 percent). On the other hand, costs rose faster for food & catering services (12.11 percent vs 11.78 percent). Annual core inflation, which excludes volatile items, went down to 2.54 percent in May, the lowest since last November.

Inflation Rate in Vietnam averaged 6.19 percent from 1996 until 2020, 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 2020. source: General Statistics Office of Vietnam

Inflation Rate in Vietnam is expected to be 0.10 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 3.40 in 12 months time. In the long-term, the Vietnam Inflation Rate is projected to trend around 5.00 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Vietnam Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.93 28.24 -2.60 1996 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-29 02:00 AM Feb 5.4% 6.43% 6.2%
2020-03-27 06:30 AM Mar 4.9% 5.4% 6.6%
2020-04-29 02:00 AM Apr 2.9% 4.9%
2020-05-29 02:00 AM May 2.4% 2.9% 0.6%
2020-06-28 02:00 AM Jun 2.4% 0.1%
2020-07-29 02:00 AM Jul
2020-08-29 02:00 AM Aug
2020-09-28 02:00 AM Sep 6.0%


News Stream
Vietnam Inflation Rate at 7-Month Low of 2.4%
The annual inflation rate in Vietnam declined to 2.40 percent in May of 2020 from 2.93 percent in the previous month. This was the lowest inflation rate since October of last year, due to the initiative in controlling petrol prices by government amid a loosening of coronavirus-related lockdown measures. Transport prices fell more (-23.37 percent vs -19.57 percent in April), due to the decrease in the petrol and oil prices. Also, inflation slowed mostly for housing & construction materials (0.37 percent vs 1.41 percent), textiles, footwear, hat (0.82 percent vs 0.95 percent) and education (4.58 percent vs 4.63 percent). On the other hand, costs rose faster for food & catering services (12.11 percent vs 11.78 percent). Annual core inflation, which excludes volatile items, went down to 2.54 percent in May, the lowest since last November.
2020-05-29
Vietnam Inflation Rate at 6-Month Low of 2.93%
The annual inflation rate in Vietnam declined to 2.93 percent in April of 2020 from 4.87 percent in the previous month. This was the lowest inflation rate since October of last year, due to demand-side shocks caused by implementation of urgent measures to prevent and control the COVID-19 outbreak. Transport prices fell sharply (-19.57 percent vs -2.62 percent in March), while inflation slowed mostly for housing & construction materials (1.41 percent vs 4.45 percent), textiles, footwear, hat (0.95 percent vs 1.19 percent) and education (4.63 percent vs 4.69 percent). On the other hand, costs rose more for food & catering services (11.78 percent vs 10.42 percent). Annual core inflation, which excludes volatile items, went down to 2.71 percent in April, the lowest since last November.
2020-04-29
Vietnam March Inflation Rate at 4-Month Low of 4.87%
The annual inflation rate in Vietnam eased to 4.87 percent in March of 2020 from 5.40 percent in the previous month. This was the lowest inflation rate since November of last year, as prices slowed mostly for housing & construction materials (4.45 percent vs 5.53 percent in February) while fell for transport (-2.62 percent vs 4.64 percent). In contrast, costs rose further for food & catering services (10.4 percent vs 9.32 percent). On a monthly basis, consumer prices were down 0.72 percent, following a 0.17 percent drop in the previous month.
2020-03-27
Vietnam Inflation Rate Slows to 5.4% in February
The annual inflation rate in Vietnam declined to 5.40 percent in February 2020 from 6.43 percent in the prior month. Inflation eased for: food & catering services (9.32 percent vs 10.93 percent in January), amid lower demand for foodstuff and drinks after the Lunar New Year festival. Inflation also slowed for housing & construction materials (5.53% vs 6.29%), and transport (4.64% vs 7.50%), due to the effect of a decrease in gasoline prices on February 14, 2020, and ticket prices after the Lunar New Year. In addition, costs eased for textile, footwear, hat (1.17% vs 1.43%). On the other hand, education inflation accelerated (4.65% vs 4.11%). Annual core inflation, which excludes volatile items, went down to 2.94 percent in February from 3.25 percent in January. On a monthly basis, consumer prices fell 0.17 percent, the first decline since June 2018, due to the reduction of demand for goods and services after the Lunar New Year.
2020-02-29

Vietnam Inflation Rate
In Vietnam, the most important categories in the consumer price index are food and food and drink services (36.12 percent of total weight), housing and construction materials (15.73 percent), transport (9.37 percent), household appliances (7.1 percent) and clothing and footwear (6.37 percent). The index also includes: education (6 percent), health (5 percent), culture, entertainment and tourism (4.29 percent), beverages and tobacco (3.59 percent), miscellaneous goods and services (3.3 percent) and posts and telecoms (2.89 percent).