Inflation Rate in Vietnam increased to 3.24 percent in May from 3.12 percent in April of 2025. This dataset 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 for 2024 was 3.62%, a 0.37% increase from 2023.

<ul style='margin-top:20px;'>

<li>Vietnam inflation rate for 2023 was <strong>3.25%</strong>, a <strong>0.1% increase</strong> from 2022.</li>
<li>Vietnam inflation rate for 2022 was <strong>3.16%</strong>, a <strong>1.32% increase</strong> from 2021.</li>
<li>Vietnam inflation rate for 2021 was <strong>1.83%</strong>, a <strong>1.39% decline</strong> from 2020.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

In 2024, the average inflation rate in Vietnam amounted to 3.62 percent compared to the previous year. After a severe drop below one percent in 2015, Vietnam’s inflation seems to have stabilized again and is expected to level off at around 3.4 percent in the next few years. Vietnam’s economic struggles Around 2012, Vietnam suffered the consequences of the global economic crisis and domestic economic mismanagement, which saw enterprises going bankrupt, inflation peaking at over nine percent, and gross domestic product slumping to a dramatic low. Fortunately, the country recovered quickly and seemed out of the red and on a stable path by 2016. Rich in riceVietnam’s economy is largely rooted in services and industry, but around 16 percent of it is generated by agriculture, mainly rice cultivation. Almost half of the Vietnamese workforce is active in this sector. Vietnam is, in fact, one of the largest exporters of rice in the world, but also one of the main consumers. Paddy production in Vietnam has decreased a bit in the last few years, but overall, the country’s economy is perceived to improving.

Core consumer prices in Vietnam increased 3.33 percent in May of 2025 over the same month in the previous year. This dataset provides - Vietnam Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Vietnam increased 0.16 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - Vietnam Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Vietnam was 3.24 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 3.12 percent. Compared to a year ago, we see a decrease from the...

Vietnam: Inflation forecast: The latest value from 2030 is 2.9 percent, unchanged from 2.9 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Vietnam from 1987 to 2030 is 14.24 percent. The minimum value, -34.57 percent, was reached in 1987 while the maximum of 266.65 percent was recorded in 1988.

Core Inflation Rate MoM in Vietnam increased to 0.33 percent in May from 0.21 percent in April of 2025. This dataset includes a chart with historical data for Vietnam Core Inflation Rate MoM.

The United States economy began to experience a period of higher inflation at the end of the 1960s. This trend marked the end of what was termed the 'Golden Era of Capitalism', a period following World War II in which the United States experienced historically unprecedented annual growth rates, along with low inflation and unemployment. While the causes of this inflation are debated, expansionary fiscal policy related to the Vietnam War at a time of full employment in the early 1960s likely contributed to rising price levels. Taxes were not raised to compensate for the increased costs of the war until 1968, at which point inflation had already climbed to 3.6 percent. On the other hand, military spending was small compared to overall U.S. GDP during this period, reaching a peak of 9.8% in 1968, indicating that military spending alone cannot explain the rising inflation rate. The sharp uptick after 1973 came as a result of the 1973 Arab-Israeli War in the Middle East, where Arab countries implemented an oil embargo against the United States for its support of Israel, and the price of oil rose exponentially.

Graph and download economic data for Inflation, consumer prices for Viet Nam (FPCPITOTLZGVNM) from 1996 to 2024 about Viet Nam, consumer, CPI, inflation, price index, indexes, and price.

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from ** percent inflation in Myanmar to **** percent inflation in Thailand in 2025. Only a few countries are in the 2 to 6 percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.

Inflation, consumer prices (annual %) in Vietnam was reported at 3.6211 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Vietnam VN: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 4.125 % in 2017. This records an increase from the previous number of 1.111 % for 2016. Vietnam VN: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 8.633 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 72.546 % in 1991 and a record low of -0.191 % in 2015. Vietnam VN: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Key information about Vietnam Core CPI Change

• Vietnam Core CPI Change was reported at 2.872 % in Feb 2025.
• This records a decrease from the previous number of 3.069 % for Jan 2025.
• Vietnam Core CPI Change data is updated monthly, averaging 1.880 % from Jan 2015 to Feb 2025, with 122 observations.
• The data reached an all-time high of 5.205 % in Jan 2023 and a record low of 0.492 % in Jan 2021.
• Vietnam Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

CEIC extends history for monthly Core Consumer Price Index Growth. General Statistics Office provides Core Consumer Price Index Growth with base 2019=100. Core Consumer Price Index excludes goods produced by households for their own consumption, imputed rent for owner-occupied dwellings and financial services. Core Consumer Price Index Growth prior to August 2020 is with base 2014=100 and prior to April 2015 is with base 2009=100.

Inflation, monthly percent change in the CPI in Vietnam, April, 2025 The most recent value is 0.07 percent as of April 2025, an increase compared to the previous value of -0.03 percent. Historically, the average for Vietnam from February 1995 to April 2025 is 0.46 percent. The minimum of -1.55 percent was recorded in April 2020, while the maximum of 3.9 percent was reached in May 2008. | TheGlobalEconomy.com

Inflation, GDP deflator: linked series (annual %) in Vietnam was reported at 1.9062 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Cost of food in Vietnam increased 3.72 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Vietnam Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the consumer price index (CPI) for all items in Vietnam was at 183.1 points, with 2010 as the base year (2010=100). The consumer price index indicates changes in the price of a weighted average market basket of consumer goods and services purchased by households.

In 2023, the consumer price index (CPI) for medicine and healthcare services in Vietnam was estimated at 101.23 index points, indicating an increase from the previous year. During that year, the country's overall CPI was at 103.25 index points.

Vietnam’s real gross domestic product (GDP) has been experiencing positive growth for the past five years since 2019, and is projected to continue to do so through 2030. In 2023, Vietnam’s real GDP increased by around five percent compared to the previous year. Learning from real GDP Real gross domestic product (GDP) is a measure that reflects the value of all goods and services an economy produces within a given year. It is expressed in base-year prices, and is thus an inflation-adjusted way to compare a country’s economic output through the years. The GDP growth rate is a significant indicator of a country’s economic health, as it reacts to the economy’s expansions and contractions. Vietnam’s optimistic future As indicated by the positive growth rate of its real GDP, Vietnam’s economy is expanding due to growth in exports, domestic demand, and the manufacturing sector. As the economy expands, so does the total expenditure of Vietnamese consumers. The average monthly income per capita in Vietnam increased to almost 3.8 percent in 2018, and is spent on fast moving consumer goods from popular brands like Vinamilk and P/S.