Inflation Vietnam 2004
Average inflation: 7.8%
Current Inflation
Inflation is very high at 7.8%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 10.3%. The lowest inflation was in January at 3.2%.
- Highest month
- October: 10.3%
- Lowest month
- January: 3.2%
- Difference
- 7.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 12.5%. The lowest price increase was in Energy with an average of 6.4%.
- Highest increase
- Food: 12.5%
- Lowest increase
- Energy: 6.4%
Historical Context
Current inflation is 2.8% higher than the 5-year average of 5.0%. This approaches the highest level since records began (7.8% in 2004).
- 5-year average
- 5%
- 10-year average
- 5%
- All-time high (2004)
- 7.8%
- All-time low (2003)
- 3.2%
Trend
Inflation shows an upward trend. Compared to 2003, inflation has risen by +4.6 percentage point.
- Change vs. previous year
- +4.6 percentage points
- Largest monthly swing
- October: +8.1 percentage points
ECB Target
Inflation is 5.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 3.2% | -0.6 |
| February | 4.0% | +0.2 |
| March | 5.5% | +1.5 |
| April | 6.0% | +2.0 |
| May | 7.1% | +3.5 |
| June | 8.3% | +5.1 |
| July | 9.1% | +6.1 |
| August | 9.9% | +7.1 |
| September | 10.1% | +7.4 |
| October | 10.3% | +8.1 |
| November | 9.9% | +7.4 |
| December | 9.7% | +6.7 |
| Average | 7.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.