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 2014 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 rises in June
Latest reading: Inflation increased to 3.6% in June, above May’s 3.2%, marking the highest inflation rate since January but remaining below the government’s 4.5% inflation target. Looking at the details of the release, prices for transportation dropped at a slower pace, plus housing and utilities costs rose at a sharper rate. That said, softer price pressures for food limited the increase. The trend pointed down slightly, with annual average inflation coming in at 3.2% in June (May: 3.3%). Lastly, consumer prices increased 0.48% in June over the previous month, picking up from May's 0.16% rise. June's result was the highest reading since January.
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 27 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.
Latest Global Inflation News
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