The annual inflation rate in Vietnam declined to 2.40 percent in June of 2021, the lowest since March, from 2.9 percent in the previous month, amid a softer rise in transport prices (15.33 percent vs 21.24 percent), while prices of food & catering services fell (-0.33 percent vs 0.24 percent). Meantime, prices continued to increase for both housing & construction materials (4.02 percent vs 2.93 percent in May) and education (4.11 percent vs 4.10 percent). On the other hand, footwear and hat inflation was steady (vs 0.98 percent), Annual core inflation, which excludes volatile items, edged up to a seven-month high of 1.14 percent in June from 1.13 percent in May. On a monthly basis, consumer prices were up 0.17 percent in June, following a 0.16 percent rise May. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 6.01 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 July of 2021.
Inflation Rate in Vietnam is expected to be 3.00 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 3.40 in 12 months time. In the long-term, the Vietnam Inflation Rate is projected to trend around 3.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.