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 | - |
Inflation rises in May
Latest reading: Inflation inched up to 3.2% in May from April’s 3.1%. Looking at the details of the release, housing and utilities prices plus education costs rose at a quicker pace. Moreover, transportation costs declined at a milder rate. On the flip side, price pressures for food softened. The trend pointed down, with annual average inflation falling to 3.3% in May (April: 3.4%). Finally, consumer prices increased 0.16% in May over the previous month, accelerating from the 0.07% rise recorded in April.
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 29 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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