The annual inflation rate in Vietnam rose to 2.93 percent in April 2019 from 2.70 percent in the previous month. This was the highest inflation rate since December, as cost remained elevated for education services (6.87 percent vs 6.92 percent in March) and food (4.28 percent vs 4.68 percent). Also, prices went up faster for housing and construction materials (3.25 percent vs 2.81 percent); household appliances and goods (1.31 percent vs 1.29 percent), and garment, footwear, hat (1.74 vs 1.67 percent). In addition, transport prices rebounded (1.36 percent vs -1.67 percent). Annual core inflation, which excludes volatile items, edged up to 1.88 percent in April from 1.84 percent in March. On a monthly basis, consumer prices rose 0.31 percent, following a 0.21 percent fall in March. Inflation Rate in Vietnam averaged 6.34 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.
Inflation Rate in Vietnam is expected to be 2.70 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 3.00 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.