The annual inflation rate in Vietnam increased to 4.55 percent in December of 2022 from 4.37 percent in November. It was the highest inflation rate since March 2020, due to a faster rise in prices of housing & construction materials (7.14 percent vs 5.96 percent in November); education (11.80 percent vs 10.96 percent); and textile, footwear, and hat (2.43 percent vs 2.24 percent). Meanwhile, food & catering services prices rose softer (5.21 percent vs 5.23 percent in November). By contrast, prices of transport fell (-0.16 percent vs 0.94 percent). Annual core inflation, which excludes volatile items, advanced by 4.99 percent, the new record high, after a 4.81 rise in November. On a monthly basis, consumer prices edged down 0.01 percent in December, following a 0.39 percent gain in November. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 5.83 percent from 1996 until 2022, 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 January of 2023.
Inflation Rate in Vietnam is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Inflation Rate is projected to trend around 4.00 percent in 2024 and 2.40 percent in 2025, according to our econometric models.