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Inflation in Vietnam

Vietnam Inflation

Inflation falls to lowest level since February 2022 in June

Inflation came in at 2.0% in June, down from May’s 2.4%. June’s reading marked the lowest inflation rate since February 2022. Looking at the details of the release, prices for food increased at a more moderate rate in June, while prices for transportation dropped at a quicker rate.

In addition, the trend pointed down mildly, with annual average inflation coming in at 3.6% in June (May: 3.7%).

Lastly, consumer prices rose 0.27% in June over the previous month, accelerating from May’s 0.01% increase. June’s uptick was the largest since February.

On the outlook, analysts at the EIU commented:

“A strong El Niño weather phenomenon, bringing hot and dry weather, could add upside pressure on inflation via disruption of food supply later in the year. However, we believe that large rice stocks and surpluses of a range of other crops will limit a sharp rise in food price inflation.”

Vietnam Inflation Chart

This chart displays Inflation Rate (CPI, annual variation in %) for Vietnam from 2013 to 2022.

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

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