Vietnam Inflation

Inflation accelerates in May from April

Latest reading: Consumer prices were up 5.6% on a year-on-year basis in May, following a 5.5% rise in the prior month. May's reading was the strongest since January 2020. Relative to the prior month's data, there were higher price pressures for transportation (+10.5% in annual terms vs +9.1% in April) and housing and construction materials (+6.9% vs +6.7% in April). In contrast, price pressures reduced for food in May (+3.9% vs +4.1% in April). Finally, the change in education prices was the same as in the prior month (+10.1% in May and April). Lastly, consumer prices rose 0.29% in May in month-on-month terms, following a 0.84% rise in the previous month.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Vietnamese inflation projections for the next ten years from a panel of 29 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Vietnamese inflation.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Vietnamese inflation projections.

Want to get access to the full dataset of Vietnamese inflation forecasts? Send an email to info@focus-economics.com.