The annual inflation rate in Vietnam went down to an eight-month low of 2.98 percent in December 2018 from 3.46 percent in the previous month. Prices eased for food (2.01 percent vs 2.41 percent in November); housing and construction materials (1.14 percent vs 2.28 percent), and transport (0.21 percent vs 6.24 percent). On the other hand, inflation was steady for garment, footwear, hat (at 1.68 percent) while cost of household appliances and goods rose faster (1.36 percent vs 1.32 percent). Annual core inflation, which excludes volatile items, inched down to 1.70 percent from 1.72 percent in November. On a monthly basis, consumer prices went down 0.25 percent, following a 0.29 percent fall in November. Considering the 2018 as a whole, inflation rate was at 3.54 percent. Inflation Rate in Vietnam averaged 6.37 percent from 1996 until 2018, 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 2.30 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.