Vietnam Inflation Rate

Last Release

Oct 31, 2024

Actual

2.89

Units In

2.63

Frequency

Monthly

Next Release

Nov 29, 2024

Time to Release

21 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
28.24 Aug 2008	-2.6 Jul 2000	5.68 %	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 2.89% in October 2024, up from an over one-year low of 2.63% in the previous month. The increase was mainly due to a higher inflation for food and catering services (4.45% vs 3.94% in September), and family appliances and tools (1.33% vs 1.17%). In contrast, prices eased for textiles, footwear, and hats (1.13% vs 1.17%), and housing and construction materials (4.21% vs 4.37%), while costs continued to decline for transport (-3.25% vs -5.33%). In the meantime, the annual core inflation, which excludes volatile items, rose to 2.68% picking up from 2.54% in September. On a monthly basis, the CPI rose by 0.33%, following a 0.29% increase in the preceding period.