Inflation Vietnam 2024
Average inflation: 3.6%
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 4.4%. The lowest inflation was in September at 2.6%.
- Highest month
- April: 4.4%
- Lowest month
- September: 2.6%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.2%. The lowest price increase was in Food with an average of 4.0%.
- Highest increase
- Energy: 5.2%
- Lowest increase
- Food: 4.0%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 3.0%.
- 5-year average
- 3%
- 10-year average
- 2.8%
- All-time high (2008)
- 23%
- All-time low (2015)
- 0.6%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- July: +2.3 percentage points
ECB Target
Inflation is 1.6% 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 €103.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.4% | -1.5 |
| February | 4.0% | -0.3 |
| March | 4.0% | +0.6 |
| April | 4.4% | +1.6 |
| May | 4.4% | +2.0 |
| June | 4.3% | +2.3 |
| July | 4.4% | +2.3 |
| August | 3.4% | +0.4 |
| September | 2.6% | -1.1 |
| October | 2.9% | -0.7 |
| November | 2.8% | -0.6 |
| December | 2.9% | -0.7 |
| Average | 3.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.