Inflation in Vietnam

Vietnam Inflation | Economic News & Forecasts

Vietnam - Inflation

Inflation soars in December amid higher pork prices

According to the General Statistics Office of Vietnam, consumer prices rose 1.40% in December over the prior month, up from November’s 0.96% rise. December’s reading came on the back of markedly higher food prices, as African swine fever continued to curb the supply of pork.

Inflation increased from 3.5% in November to 5.2% in December, the highest rate in almost three years, amid a sharp rise in food price inflation. Core inflation increased from 2.2% to 2.8%.

Although African swine fever will likely continue to fan price pressures in the coming months, inflation in 2020 should average lower than its current level as the impact gradually fades and oil prices stay low.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.3% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, the panel projects inflation to average 3.7%.

Vietnam - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)6.6  4.1  0.6  2.7  3.5  

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Vietnam Inflation Chart

Vietnam Inflation
Note: Annual average variation of consumer price index (CPI) in %.
Source: General Statistics Office of Vietnam and FocusEconomics calculations.

Vietnam Facts

Bond Yield3.38-0.13 %Dec 31
Exchange Rate23,1730.01 %Jan 01

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