Inflation in Vietnam

Vietnam Inflation (eop) | Economic News & Forecasts

Vietnam - Inflation (end of period)

Inflation drops to lowest level since October in May

Consumer prices dropped 0.03% over the prior month in May, a smaller fall than April's 1.54% drop. Looking at the details of the release, food prices increased in May, while price pressures for transportation dropped at a less pronounced pace.

Inflation came in at 2.4% in May, below April’s 2.9%. May's reading was the lowest inflation rate since October 2019. Annual average inflation remained at April's 3.5% in May.

Looking ahead, our panelists see inflation remaining under control due to mild growth and low fuel prices, which should provide room for the State Bank of Vietnam to continue to adopt an accommodative monetary stance.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.4% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, the panel projects inflation to average 3.2%.

Vietnam - Inflation (eop) Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %, eop)1.8  0.6  4.7  2.6  3.5  

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Vietnam Inflation (eop) Chart

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

Vietnam Facts

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

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