Inflation Vietnam 2008
Average inflation: 23.0%
Current Inflation
Inflation is very high at 23.0%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 28.3%. The lowest inflation was in January at 14.1%.
- Highest month
- August: 28.3%
- Lowest month
- January: 14.1%
- Difference
- 14.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 36.8%. The lowest price increase was in Energy with an average of 20.6%.
- Highest increase
- Food: 36.8%
- Lowest increase
- Energy: 20.6%
Historical Context
Current inflation is 12.0% higher than the 5-year average of 11.0%. This approaches the highest level since records began (23.0% in 2008).
- 5-year average
- 11%
- 10-year average
- 8.9%
- All-time high (2008)
- 23%
- All-time low (2003)
- 3.2%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +14.7 percentage point.
- Change vs. previous year
- +14.7 percentage points
- Largest monthly swing
- August: +19.7 percentage points
ECB Target
Inflation is 21.0% 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 €123.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 14.1% | +7.6 |
| February | 15.7% | +9.2 |
| March | 19.4% | +12.6 |
| April | 21.4% | +14.2 |
| May | 25.2% | +17.9 |
| June | 26.8% | +19.0 |
| July | 27.0% | +18.6 |
| August | 28.3% | +19.7 |
| September | 27.9% | +19.1 |
| October | 26.7% | +17.4 |
| November | 24.2% | +14.2 |
| December | 19.9% | +7.3 |
| Average | 23.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.