Inflation Vietnam 2023
Average inflation: 3.3%
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.9%. The lowest inflation was in June at 2.0%.
- Highest month
- January: 4.9%
- Lowest month
- June: 2.0%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 6.6%. The lowest price increase was in Food with an average of 3.4%.
- Highest increase
- Energy: 6.6%
- Lowest increase
- Food: 3.4%
Historical Context
Current inflation is around the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 2.9%
- All-time high (2008)
- 23%
- All-time low (2015)
- 0.6%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +0.2 percentage point.
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- January: +3.0 percentage points
ECB Target
Inflation is 1.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.9% | +3.0 |
| February | 4.3% | +2.9 |
| March | 3.4% | +1.0 |
| April | 2.8% | +0.2 |
| May | 2.4% | -0.5 |
| June | 2.0% | -1.4 |
| July | 2.1% | -1.0 |
| August | 3.0% | +0.1 |
| September | 3.7% | -0.2 |
| October | 3.6% | -0.7 |
| November | 3.4% | -1.0 |
| December | 3.6% | -0.9 |
| Average | 3.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.