The annual inflation rate in Vietnam declined to 3.14 percent in July of 2022 from June’s near 2-year high of 3.37 percent, due to a softer rise in prices of both housing & construction materials (1.13 percent vs 1.53 percent) and transport (15.22 percent vs 21.41 percent). Prices continued to rise for food & catering services (2.98 percent vs 1.27 percent) and textile, footwear and hat (1.84 percent vs 1.42 percent). By contrast, prices of education fell further (-1.97 percent vs -2.13 percent). Annual core inflation, which excludes volatile items, rose to a 27-month high of 2.63 percent in July from 1.98 percent in June. On a monthly basis, consumer prices climbed 0.40 percent in July, easing from a 0.69 percent increase in the prior month. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam averaged 5.86 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 August of 2022.
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. In the long-term, the Vietnam Inflation Rate is projected to trend around 2.50 percent in 2023, according to our econometric models.