The annual inflation rate in Vietnam increased to 4.37 percent in November of 2022 from 4.30 percent in October. It was the highest inflation rate since March 2020, due to a faster rise in prices of food & catering services (5.23 percent vs 5.13 percent in October); housing & construction materials (5.96 percent vs 5.42 percent); and education (10.96 percent vs 10.64 percent). Prices continued to increase for both transport (0.94 percent vs 1.81 percent); textile, footwear, and hat (2.24 percent vs 2.27 percent). Annual core inflation, which excludes volatile items, advanced by 4.81 percent, the fresh record peak, after a 4.47 rise in October. On a monthly basis, consumer prices were up 0.39 percent in November, following a 0.15 percent gain in October. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 5.84 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 December of 2022.
Inflation Rate in Vietnam is expected to be 4.80 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 2.00 percent in 2023 and 1.90 percent in 2024, according to our econometric models.