Inflation in Vietnam
Consumer price inflation in Vietnam averaged 2.9% in the ten years to 2024, in line with the ASEAN regional average of 3.0%. The 2024 average figure was 3.6%. For more information on inflation, visit our dedicated page.
Vietnam Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Vietnam from 2025 to 2024.
Source: Macrobond.
Vietnam Inflation Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 3.2 | 1.8 | 3.2 | 3.3 | 3.6 |
Inflation (CPI, ann. var. %, eop) | 0.2 | 1.8 | 4.5 | 3.6 | 2.9 |
Inflation (PPI, ann. var. %, aop) | -0.6 | 2.9 | 4.2 | -0.9 | 0.6 |
Inflation picks up in September from the prior month
Latest reading: Consumer prices increased 3.4% on a year-on-year basis in September, following a 3.2% increase in the previous month. September’s reading marked the second consecutive acceleration, but remained below the government’s 4.0–4.5% inflation target. Relative to the prior month's data, there were higher price pressures for transportation (+1.5% in annual terms vs -1.9% in August) and education (+2.2% vs +0.2% in August). In contrast, there were milder price pressures for food (+1.9% vs +2.5% in August) and housing and construction materials (+6.9% vs +7.0% in August). Finally, consumer prices increased 0.42% in September on a month-on-month basis, following a flat reading 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 26 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.
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