Vietnam Inflation Rate

Last Release

Nov 30, 2024

Actual

2.77

Units In

2.89

Frequency

Monthly

Next Release

Dec 29, 2024

Time to Release

21 Days 7 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 fell to 2.77% in November 2024, down from 2.89% in the previous month. This easing was mainly attributed to softer inflation for food and catering services (4.12% vs. 4.45% in October), particularly for grain foods and foodstuffs. Additionally, prices moderated for medicaments and health services (5.28% vs. 8.28%), and costs continued to decline for transport (-3.30% vs. -3.25%). In contrast, prices primarily accelerated for housing and construction materials (5.06% vs. 4.21%). Meanwhile, the annual core inflation rate, which excludes volatile items, rose to a seven-month high of 2.77%, up from 2.68% in October. On a monthly basis, consumer prices edged higher by 0.13%, easing from a 0.33% increase in the previous period.