Inflation in Vietnam
Consumer price inflation in Vietnam averaged 3.2% in the ten years to 2022, above the Asia-Pacific regional average of 2.1%. The 2022 average figure was 3.2%. For more inflation information, visit our dedicated page.
Vietnam Inflation Chart
Vietnam Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 3.5 | 2.8 | 3.2 | 1.8 | 3.2 |
Inflation (CPI, ann. var. %, eop) | 3.0 | 5.2 | 0.2 | 1.8 | 4.5 |
Inflation (PPI, ann. var. %, aop) | 3.1 | 1.3 | -0.6 | 2.9 | 4.2 |
Inflation declines to lowest level since August 2023 in January
Inflation edged down to 3.4% in January, following December’s 3.6%. January's result marked the weakest inflation rate since August 2023. Looking at the details of the release, prices for food declined year on year in January, while prices for transportation increased at a more moderate rate; these factors more than offset faster housing price inflation. Accordingly, the trend pointed down slightly, with annual average inflation coming in at 3.1% in January (December: 3.3%). Finally, consumer prices increased 0.31% from the previous month in January, accelerating from the 0.12% rise recorded in December. January's uptick marked the highest reading since September 2023.
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 24 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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