Latest reading: Consumer prices were up 2.4% on a year-on-year basis in November, following a 2.5% rise in the prior...
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 2025.
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 | 0.6 |
Inflation slows in October from the prior month
Latest reading: Consumer prices were up 3.2% on a year-on-year basis in October, coming after a 3.4% rise in the prior month and falling short of the government’s 4.5% target. Relative to the prior month's figures, there were milder price pressures for transportation (0.0% on a year-on-year basis vs +1.5% in September) and housing and construction materials (+6.8% vs +6.9% in September). In contrast, price pressures were slightly higher for food (+2.0% vs +1.9% in September) and education (+3.3% vs +3.2% in September) in October. Lastly, consumer prices rose 0.20% in October on a month-on-month basis, following a 0.42% increase in the previous month.
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 28 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
-
Israel: Inflation decelerates in November from October -
Canada: Inflation stabilizes in November from October Latest reading: Consumer prices were up 2.2% in annual terms in November, stable from the previous month’s reading. The November... -
Bulgaria: Inflation eases in November from October Latest reading: Consumer prices rose 5.2% in annual terms in November, following a 5.3% rise in the previous month. Relative... -
Sweden: Inflation slows in November from the prior month Latest reading: Consumer prices with a fixed interest rate (CPIF) rose 2.3% in annual terms in November, following a 3.1%... -
Romania: Inflation stabilizes in November from the prior month Latest reading: Consumer prices were up 9.8% in annual terms in November, unchanged from the prior month’s reading. Relative to... -
Czech Republic: Inflation eases in November from the prior month Latest reading: Consumer prices rose 2.1% in annual terms in November, following a 2.5% rise in the previous month. November’s... -
Argentina: Inflation accelerates in November from October Latest reading: Consumer prices were up 31.4% in annual terms in November, following a 31.3% increase in the prior month....