Vietnam Inflation Rate

Consumer prices in Vietnam rose 2.28 percent year-on-year in May of 2016, following a 1.89 percent rise April. It is the highest figure since November 2014 as cost increased for most categories. Year-on-year, prices of food was up 2.36 percent; followed by beverages, tobacco (+2.37 percent); garments (+2.31 percent); housing & construction (+ 1.67 percent), medicine (+26.80 percent), education (+4.55 percent), culture & entertainment (+1.57 percent) and other goods and services (+2.23 percent). In contrast, cost declined for: transport (-9.76 percent) and posts and telecoms (-0.58 percent). Core inflation stood at 1.87 percent from a year earlier, accelerating from 1.76 percent in the preceding month. On a month-on-month basis, consumer prices rose 0.54 percent in May, compared to a 0.33 percent in April. Inflation Rate in Vietnam averaged 6.73 percent from 1996 until 2016, 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. Inflation Rate in Vietnam is reported by the 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). 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.