Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May’s result marked...
Inflation in Vietnam
In the year 2024, the inflation in Vietnam was 3.63%, compared to 4.10% in 2014 and 3.26% in 2023. It averaged 2.94% over the last decade. 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 2024.
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 holds steady in April
Latest reading: Inflation was stable at March's 3.1% in April, remaining below the government’s 4.5% inflation target. Stronger price pressures for food, plus housing and utilities, offset a steeper decline in transportation costs, driven by lower oil prices. The trend pointed down slightly, with annual average inflation inching down to 3.4% in April (March: 3.5%). Finally, consumer prices increased 0.07% in April over the previous month, contrasting the 0.03% fall seen in March.
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 27 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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