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.

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Vietnam Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.97 0.19 28.24 -2.60 1996 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 02:00 AM Oct 2.47% 2.98% 2.6%
2020-11-29 02:00 AM Nov 1.48% 2.47% 2.3%
2020-12-27 07:00 AM Dec 0.19% 1.48% 2.2%
2021-01-29 02:00 AM Jan -0.97% 0.19% -0.5%
2021-02-28 02:00 AM Feb -0.97% -0.6%
2021-03-27 06:30 AM Mar
2021-04-29 02:00 AM Apr
2021-05-29 02:00 AM May


News Stream
Vietnam Consumer Prices Fall for 1st Time Since 2001
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.
2021-01-29
Vietnam Inflation Rate at Near 5-Year Low of 0.19%
The annual inflation rate in Vietnam declined to 0.19 percent in December of 2020, the least since January 2016, from 1.48 percent in the previous month. Prices rose softer mostly for food & catering services (2.68 percent vs 6.63 percent in November), housing & construction materials (0.19 percent vs 0.64 percent), education (3.80 percent vs 3.81 percent), and textiles, footwear, hat (0.37 percent vs 0.55 percent). Meanwhile, transport prices continued to drop (-11.68 percent vs -13.27 percent), due to the decrease in electricity and water prices. Annual core inflation, which excludes volatile items, fell to 0.99 percent in December, the lowest since the series began in April 2015.
2020-12-27
Vietnam November Inflation Rate Lowest Since 2016
The annual inflation rate in Vietnam declined to 1.48 percent in November of 2020, the least since February 2016, from 2.47 percent in the previous month. Prices rose softer mostly for food & catering services (6.63 percent vs 9.50 percent in October), housing & construction materials (0.64 percent vs 0.70 percent), education (3.81 percent vs 3.85 percent). On the other hand, inflation accelerated for textiles, footwear, hat (0.55 percent vs 0.53 percent). Meanwhile, transport prices continued to drop (-13.27 percent vs -13.49 percent), due to the decrease in electricity and water prices. Annual core inflation, which excludes volatile items, fell to 1.61 percent in November, the lowest since September 2018.
2020-11-29
Vietnam Inflation Rate at 5-Month Low of 2.47%
The annual inflation rate in Vietnam declined to 2.47 percent in October of 2020, the least since May, from 2.98 percent in the previous month. Prices rose softer mostly for both food & catering services (9.50 percent vs 10.79 percent in September) and housing & construction materials (0.70 percent vs 0.94 percent). On the other hand, inflation accelerated for education (3.85 percent vs 2.66 percent), while it remained steady for textiles, footwear, hat (at 0.53 percent). Meanwhile, transport prices continued to drop (-13.49 percent vs -12.57 percent), due to the impact of the gasoline and oil price increase adjustment on September 26th, 2020, and the decrease in gasoline and oil prices on August 12th, 2020. Annual core inflation, which excludes volatile items, decreased to 1.88 percent in October, the lowest since last April.
2020-10-29

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).