The annual inflation rate in Vietnam stood at 3.97% in March 2024, from a 12-month high of 3.98% in the previous month. Prices softened mainly for food (4.05% vs 4.23% in February), housing and construction materials (4.87% vs 4.95%), and culture, entertainment & tourism (1.45% vs 1.71%). On the other hand, costs increased for education (10.12% vs 8.55%) and transport (2.68% vs 2.55%). The annual core inflation, which excludes volatile items, slowed to 2.76% from a prior 2.96%. On a monthly basis, consumer prices decreased by 0.23% in March, after a 1.04% rise in February, which was the highest in five months. source: General Statistics Office of Vietnam

Inflation Rate in Vietnam decreased to 3.97 percent in March from 3.98 percent in February of 2024. Inflation Rate in Vietnam averaged 5.72 percent from 1996 until 2024, reaching an all time high of 28.24 percent in August of 2008 and a record low of -2.60 percent in July of 2000. This page provides the latest reported value for - Vietnam Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Inflation Rate in Vietnam decreased to 3.97 percent in March from 3.98 percent in February of 2024. Inflation Rate in Vietnam is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Inflation Rate is projected to trend around 3.20 percent in 2025 and 3.40 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-29 02:00 AM
Inflation Rate YoY
Feb 3.98% 3.37% 3.5%
2024-03-29 02:00 AM
Inflation Rate YoY
Mar 3.97% 3.98% 4.2%
2024-04-29 02:00 AM
Inflation Rate YoY
Apr 3.97% 4.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 115.06 115.33 points Mar 2024
Core Inflation Rate 2.76 2.96 percent Mar 2024
Core Inflation Rate MoM 0.03 0.49 percent Mar 2024
CPI Transportation 112.45 112.49 points Mar 2024
Export Prices 95.60 110.50 points Dec 2023
Food Inflation 4.05 4.23 percent Mar 2024
GDP Deflator 171.54 165.17 points Dec 2022
Import Prices 91.10 107.80 points Dec 2023
Inflation Rate YoY 3.97 3.98 percent Mar 2024
Inflation Rate MoM -0.23 1.04 percent Mar 2024
Producer Price Inflation MoM -0.64 0.98 percent Mar 2024
Producer Prices 99.44 99.47 points Mar 2024

Vietnam Inflation Rate
In Vietnam, the most important categories in the consumer price index are food and drink services (36.12 percent of total weight), housing and construction materials (15.73 percent), transport (9.37 percent), household appliances (7.1 percent) and clothing and footwear (6.37 percent). The index also includes: education (6 percent), health (5 percent), culture, entertainment and tourism (4.29 percent), beverages and tobacco (3.59 percent), miscellaneous goods and services (3.3 percent) and posts and telecoms (2.89 percent).
Actual Previous Highest Lowest Dates Unit Frequency
3.97 3.98 28.24 -2.60 1996 - 2024 percent Monthly

News Stream
Vietnam Inflation Rate at 3.97% in March
The annual inflation rate in Vietnam stood at 3.97% in March 2024, from a 12-month high of 3.98% in the previous month. Prices softened mainly for food (4.05% vs 4.23% in February), housing and construction materials (4.87% vs 4.95%), and culture, entertainment & tourism (1.45% vs 1.71%). On the other hand, costs increased for education (10.12% vs 8.55%) and transport (2.68% vs 2.55%). The annual core inflation, which excludes volatile items, slowed to 2.76% from a prior 2.96%. On a monthly basis, consumer prices decreased by 0.23% in March, after a 1.04% rise in February, which was the highest in five months.
2024-03-29
Vietnam Inflation Rate at 12-Month High
The annual inflation rate in Vietnam increased to 3.98% in February 2024 from January's five-month low of 3.37%. It was the highest inflation rate since February 2023, with food prices rising the most in six months (4.23% vs 2.31% in January). At the same time, transport prices climbed much more (2.55% vs 1.58%) due to increased travel demand during the Lunar New Year and the impact of domestic gasoline price adjustments. Also, prices advanced faster for clothing & footwear (1.64% vs 1.39%), culture, entertainment & tourism (1.71% vs 0.90%), and education (8.55% vs 8.39%). Meanwhile, prices of housing & construction materials continued to rise (4.95% vs 6.39%). The annual inflation, which excludes volatile items, increased to 2.96% from January’s 17-month low of 2.72%. On a monthly basis, consumer prices rose 1.04% in February, the highest in five months, accelerating from a 0.31% rise in the previous month.
2024-02-29
Vietnam Inflation Rate at 5-Month Low of 3.37%
The annual inflation rate in Vietnam declined to 3.37% in January 2024 from 3.58% in December 2023. It was the lowest inflation rate since last August, with food prices rising the least in 16 months (2.31% vs 2.93% in December). Prices increased at a softer pace for housing & construction materials (6.39% vs 5.67% in December), transport (1.58% vs 2.57%), clothing & footwear (1.39% vs 1.80%), and culture, entertainment & tourism (0.90% vs 1.22%), while education inflation was almost unchanged (8.39% vs 8.36%). The annual inflation, which excludes volatile items, dropped to a 17-month low of 2.72% from 2.98% in December. On a monthly basis, consumer prices were up 0.31% in January, the most in four months, accelerating from a 0.12% rise in the previous month. In 2023, inflation was at 3.25 percent.
2024-01-29