The annual inflation rate in Vietnam increased to 2.64 percent in February 2019 from 2.56 percent in the previous month, as prices rose faster for foodstuff (7.08 percent vs 6.6 percent) and housing and construction materials (1.72 percent vs 0.94 percent). Meantime, inflation slowed for both grain food (1.15 percent vs 2.06 percent) and garment, footwear, hat (1.67 percent vs 1.73 percent). On the other hand, inflation was steady for household appliances and goods (at 1.35 percent) and transport prices continued to fall (-4.54 percent vs -3.95 percent). Annual core inflation, which excludes volatile items, edged down to 1.82 percent in February from 1.83 percent in January. On a monthly basis, consumer prices went up 0.80 percent, following a 0.10 percent rise in January. 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 2.50 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.