Vietnam Inflation Rate

Last Release

Nov 30, 2024

Actual

2.77

Units In

2.89

Frequency

Monthly

Next Release

Jan 29, 2025

Time to Release

22 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
28.24 Aug 2008	-2.6 Jul 2000	5.67 %	1996-2024	General Statistics Office of Vietnam

In Vietnam, the most important categories in the consumer price index are food and 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).

Latest Updates

The annual inflation rate in Vietnam rose to 2.94% in December 2024, accelerating from 2.77% in the previous month. This marked the highest inflation rate since August, as prices accelerated for housing and building materials (5.16% vs 5.06% in November), beverages and tobacco (2.4% vs 2.34%), clothing and footwear (1.16% vs 1.14%), home appliances (1.49% vs 1.41%), medicaments and health services (5.32% vs 5.28%), and culture, entertainment and tourism (2.31% bs 2.2%). Moreover, deflation slowed sharply for transport (-0.89% vs -3.3%). Meanwhile, prices eased for food and beverages services (3.87% vs 4.12%) and other goods and services (6.89% vs 7%). The annual core inflation rate, which excludes volatile items, further rose to a ten-month high of 2.85%, from a seven-month high of 2.77% in the previous month. On a monthly basis, the consumer prices increased to 0.29% in December from 0.13% in November 2024.