The annual inflation rate in Vietnam increased to 3.58% in December 2023 from November's three-month low of 3.45%. Prices increased at a faster pace for transport (2.57% vs 1.63% in November), education (8.36% vs 8.23%), and culture, entertainment & tourism (1.22% vs 1.21%). Meanwhile, prices continued to rise for food & drink services (2.93% vs 2.98%), housing & construction materials (5.67% vs 5.91%), and clothing & footwear (1.80% vs 1.95%). The annual inflation, which excludes volatile items, fell to a 16-month low of 2.98% from 3.15% in November. On a monthly basis, consumer prices were up 0.12% in December, easing from a 0.25% gain in the previous month. In 2023, inflation was at 3.25 percent compared to the previous year. source: General Statistics Office of Vietnam
Inflation Rate in Vietnam increased to 3.58 percent in December from 3.45 percent in November of 2023. Inflation Rate in Vietnam averaged 5.74 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 January of 2024.
Inflation Rate in Vietnam increased to 3.58 percent in December from 3.45 percent in November of 2023. Inflation Rate in Vietnam is expected to be 3.40 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 4.00 percent in 2024 and 4.40 percent in 2025, according to our econometric models.
Vietnam Inflation Rate
In Vietnam, the most important categories in the consumer price index are 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 | ||
|---|---|---|---|---|---|---|---|---|
| 3.58 | 3.45 | 28.24 | -2.60 | 1996 - 2023 | percent | Monthly |
News Stream
Vietnam Inflation Rate Accelerates to 3.58%
The annual inflation rate in Vietnam increased to 3.58% in December 2023 from November's three-month low of 3.45%. Prices increased at a faster pace for transport (2.57% vs 1.63% in November), education (8.36% vs 8.23%), and culture, entertainment & tourism (1.22% vs 1.21%). Meanwhile, prices continued to rise for food & drink services (2.93% vs 2.98%), housing & construction materials (5.67% vs 5.91%), and clothing & footwear (1.80% vs 1.95%). The annual inflation, which excludes volatile items, fell to a 16-month low of 2.98% from 3.15% in November. On a monthly basis, consumer prices were up 0.12% in December, easing from a 0.25% gain in the previous month. In 2023, inflation was at 3.25 percent compared to the previous year.
2023-12-29
Vietnam Inflation Rate at 3-Month Low
The annual inflation rate in Vietnam declined to 3.45% in November 2023 from 3.59% in the previous month, pointing to the lowest inflation rate since August. Prices increased at a softer pace for housing & construction materials (5.91% vs 6.88% in October), transport (1.63% vs 3.9%), clothing & footwear (1.95% vs 1.97%), and culture, entertainment & tourism (1.21% vs 1.34%). Meanwhile, prices continued to rise for food & drink services (2.98% vs 2.81%) and education (8.23% vs 7.14%). The annual inflation, which excludes volatile items, dropped to a 16-month low of 3.15% from 3.43% in October. On a monthly basis, consumer prices were up 0.25% in November, accelerating from a 0.08% growth in the previous month, which was the least in five months.
2023-11-29
Vietnam Inflation Rate Eases to 3.59% in October
The annual inflation rate in Vietnam declined to 3.59% in October 2023 from September’s seven-month high of 3.66%. Prices rose at a softer pace for food & drink services (2.81% vs 2.87% in September), housing & construction materials (6.88% vs 7.33%), clothing & footwear (1.97% vs 2.06%), culture, entertainment & tourism (1.34% vs 1.37%), and education (7.14% vs 7.25%). Meanwhile, cost of transport continued to increase (3.9% vs 3.2%). The annual inflation, which excludes volatile items, declined to a 14-month low of 3.43% from 4.49% in the previous month. On a monthly basis, consumer prices edged up 0.08% in October, the least in five months, slowing from a 1.08% gain in the previous month, which was the highest since February 2021.
2023-10-29
