The annual inflation rate in Vietnam declined to a four-month low of 4.31 percent in February 2023 from January's near three-year high of 4.89 percent, mainly due to a fall in petrol prices. Prices rose softer for food & catering services (4.29 percent vs 6.08 percent in January), textile, footwear, and hat (2.65 percent vs 2.80 percent), and education (10.40 percent vs 11.60 percent), amid a decline in transport prices (-0.18 percent vs 0.05 percent). Meantime, prices continued to increase for housing & construction materials (7.88 percent vs 6.94 percent). Annual core inflation, which excludes volatile items, climbed by 4.96 percent, the least in three months, after a record high of 5.21 in January. On a monthly basis, consumer prices were up 0.45 percent in February, easing from a 0.52 percent gain in January. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 5.82 percent from 1996 until 2023, 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 March of 2023.
Inflation Rate in Vietnam is expected to be 5.30 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 5.00 percent in 2024 and 4.40 percent in 2025, according to our econometric models.