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Vietnam Inflation

Vietnam Inflation

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

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Vietnam from 2014 to 2023.
Source: Macrobond.

Vietnam Inflation Data

2019 2020 2021 2022 2023
Inflation (CPI, ann. var. %, aop) 2.8 3.2 1.8 3.2 3.3
Inflation (CPI, ann. var. %, eop) 5.2 0.2 1.8 4.5 3.6
Inflation (PPI, ann. var. %, aop) 1.3 -0.6 2.9 4.2 -0.9

Inflation declines to lowest level since March in June

Inflation fell to 4.3% in June, down from May’s 4.4%. June's reading represented the lowest inflation rate since March and remained firmly within the government’s 4.0–4.5% target range. Price pressures for transport slowed, as did those for clothing and footwear, housing and construction materials, and education. Meanwhile, price growth for food and recreation rose from the prior month. Nevertheless, annual average inflation ticked up to 3.6% in June (May: 3.5%). Lastly, consumer prices increased 0.17% from the previous month in June, picking up from May's 0.05% rise. June's uptick marked the highest reading since February.

Consensus Forecasts and Projections for the next ten years

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 25 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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