Vietnam skyline

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 2019 to 2018.
Source: General Statistics Office of Vietnam.

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.

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 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.

Latest Global Inflation News

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest