Inflation in Vietnam

Vietnam Inflation | Economic News & Forecasts

Vietnam - Inflation

Inflation stays muted in August

According to the General Statistics Office of Vietnam, consumer prices rose 0.28% in August over the prior month, up from July’s 0.18% increase. August’s reading was driven by higher prices for health and education.

Inflation ticked down from 2.4% in July to 2.3% in August, remaining in line with the Central Bank’s target of below 4.0% inflation. Core inflation was stable at 2.0%. Moderate inflation so far this year can largely be attributed to muted oil and food prices.

Looking ahead, inflation is seen rising somewhat from its current level on strong domestic demand, but should stay on target nonetheless.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.9% in 2019 and 3.6% in 2020.

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 Yield4.14-0.13 %Sep 04
Exchange Rate23,2000.01 %Sep 04
Stock Market9780.15 %Sep 04

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