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.

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Vietnam Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-29 02:00 AM Jan 4.89% 4.55% 4.6%
2023-02-28 02:00 AM Feb 4.31% 4.89% 5.1%
2023-03-29 02:00 AM Mar 4.31% 5.3%


Related Last Previous Unit Reference
Inflation Rate 4.31 4.89 percent Feb 2023
Consumer Price Index CPI 110.92 110.42 points Feb 2023
Core Inflation Rate 4.96 5.21 percent Feb 2023
GDP Deflator 164.17 163.58 points Dec 2021
Export Prices 118.90 106.90 points Dec 2021
Import Prices 126.70 103.60 points Dec 2021
Inflation Rate MoM 0.45 0.52 percent Feb 2023
CPI Transportation 109.69 115.59 points Feb 2023
Food Inflation 3.74 2.91 percent Jan 2023
Producer Prices 102.84 104.62 points Dec 2022

Vietnam Inflation Rate
In Vietnam, the most important categories in the consumer price index are food and food and drink services (36.12 percent of total weight), housing and construction materials (15.73 percent), transport (9.37 percent), household appliances (7.1 percent) and clothing and footwear (6.37 percent). The index also includes: education (6 percent), health (5 percent), culture, entertainment and tourism (4.29 percent), beverages and tobacco (3.59 percent), miscellaneous goods and services (3.3 percent) and posts and telecoms (2.89 percent).
Actual Previous Highest Lowest Dates Unit Frequency
4.31 4.89 28.24 -2.60 1996 - 2023 percent Monthly

News Stream
Vietnam Inflation Rate at 4-Month Low of 4.31%
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.
2023-02-28
Vietnam Inflation Rate at Near 3-Year High
The annual inflation rate in Vietnam increased to 4.89 percent in January of 2023 from 4.55 percent in December 2022. It was the highest inflation rate since March 2020, due to a faster rise in prices of both food & catering services (6.08 percent vs 5.21 percent in December) and textile, footwear, and hat (2.80 percent vs 2.43 percent while transport prices rebounded slightly (0.05 percent vs -0.16 percent). Meantime, prices continued to increase for both housing & construction materials (6.94 percent vs 7.14 percent) and education (11.60 percent vs 11.80 percent). Annual core inflation, which excludes volatile items, advanced by 5.21 percent, the fresh record peak, after a 4.99 rise in December. On a monthly basis, consumer prices were up 0.52 percent in January, recovering from a 0.01 percent drop in December.
2023-01-29
Vietnam Inflation Rate at Over 2-1/2 Year High
The annual inflation rate in Vietnam increased to 4.55 percent in December of 2022 from 4.37 percent in November. It was the highest inflation rate since March 2020, due to a faster rise in prices of housing & construction materials (7.14 percent vs 5.96 percent in November); education (11.80 percent vs 10.96 percent); and textile, footwear, and hat (2.43 percent vs 2.24 percent). Meanwhile, food & catering services prices rose softer (5.21 percent vs 5.23 percent in November). By contrast, prices of transport fell (-0.16 percent vs 0.94 percent). Annual core inflation, which excludes volatile items, advanced by 4.99 percent, the new record high, after a 4.81 rise in November. On a monthly basis, consumer prices edged down 0.01 percent in December, following a 0.39 percent gain in November.
2022-12-29