Read more. Infant mortality rates fell from 32.6 per 1,000 live births in 1993 to 16.7 per 1,000 in 2017. If 30-year rates doubled from 2.0% to 4.0% . We look at 10 burning questions about inflation, including why it's so high, whether it's worse in the U.S., and . Photo by VnExpress/Quynh Tran. Its overall score has increased by 2.9 points . Vietnam: Inflation hits seven-month high in April. Vietnam unemployment rate for 2019 was 2.04%, a 0.88% increase from 2018. The next inflation update is set to … Continue reading Historical Inflation Rates: 1914-2021 → 1996-2021 Data | 2022-2023 Prognose. Read more. Why inflation may surge following the COVID-19 relief package and what the Fed can do about it. In 2022, the GDP growth rate predicted by NCIF experts is between 5.8 and 6.7 percent in the best scenario, if conditions are favorable in Vietnam and the world market. Aktuella värden, historiska data, prognoser, statistik, diagram och ekonomisk kalender - Vietnam - Inflation Rate (Månadsvis). Main upward pressure came from food (1.7% vs 1.6% in September); housing (2.7% vs 2.3%), mostly due to accommodation; healthcare (1.7% vs 1.8%), led by . The Laspeyres formula is generally used. A man looking at a stock trading board on a laptop. ET. The next inflation update is scheduled for release on December 10 at 8:30 a.m. The inflationary pressure, however, is huge for 2022 amid the deepening energy crisis and the hoarding of strategic goods by some countries. October 29, 2021. April 29, 2021. Vietnam Economic News. Vietnam's annual core inflation, which excludes volatile items, decreased to 0.74. percent in August 2021, the least in 6 months. Vietnam's real gross domestic product (GDP) has been experiencing positive growth for the past five years since 2016, and is projected to continue to do . Consumer prices fell 0.04% in April over the previous month, a more moderate drop than the 0.27% drop logged in March. Get in touch with us now. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. CPI. The State Bank of Vietnam. This was the highest figure since March 2013, boosted by a faster recovery in consumption as the economy reopens further. Month. During the observation period from 1979 to 2020, the average inflation rate was 8.4% per year. Consumer prices declined 0.20% from the previous month in October, a softer fall than the 0.62% drop seen in September. The State Bank of Vietnam has a target of keeping inflation at no more than 4 percent this year, and so it is likely to maintain a steady monetary policy through 2021, it predicted. Thailand inflation rate for 2017 was 0.67%, a 0.48% increase from 2016. Sep 2020. Viet Nam News March 12, 2021 1439. The decline was driven by a softer fall in prices for food and education. Download Historical Data. For example, if rising inflation caused 30-year interest rates to rise from 2.0% to 3.0% over the next 12 months, the value of that bond would fall 20%. People eat at an eatery in Ho Chi Minh City as on-site dining resumes, Oct. 28, 2021. Vietnam's economic freedom score is 61.7, making its economy the 90th freest in the 2021 Index. October 29, 2021. Data. Vietnam: Industrial activity falls at a slower rate in October. In reality if it wasn't for zero interest rates and the QE policies created by the Federal Reserve in the response to the market crash of March 2020 and economic shutdowns we wouldn't be seeing the inflation we are seeing today. The annual inflation rate for the United States is 6.2% for the 12 months ended October 2021 -- the highest since November 1990 and after rising 5.4% previously, according to U.S. Labor Department data published November 10. The maximum level was 12.17 % and minimum was 1.54 %. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization. , Nov 23, 2021. Data published Monthly by Census and Statistics Department. The maximum level was 3.91 % and minimum was -1.54 %. Inflation Rate, Asian Development Outlook Update 2021 - April 2021 (XLSX) *2021-2022 are forecasts. Rates of inflation are calculated using the current Consumer Price Index published monthly by the Bureau of Labor Statistics (BLS). Projections are based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement . The Vietnamese dong's real effective exchange rate is 4.5% above its 10-year average, which . Data. Inflation (CPI): 2.8%. Factoring a stronger 2021 forecast, we have revised our 2022 average forecast to VND23,200/USD, from VND23,600 per US dollar previously. The annual inflation rate in Vietnam increased to 2.82 percent in August of 2021, the highest since May, from 2.64 percent in the previous month, as of food & catering services inflation accelerated to a 5-month high of 1.15 percent in August from 0.52 percent in July. In Vietnam, interest rates decisions are taken by The State Bank of Vietnam. Vietnam inflation rate for 2018 was 3.54%, a 0.02% increase from 2017. The Federal Reserve ("the Fed") considers this an acceptable rate of inflation. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at just 2% to 2.5% . The maximum level was 23.9 % and minimum was -2.9 %. However, the COVID-19 Delta variant has dealt a shock to Vietnam and GDP is estimated to grow between 2 and 2.5 percent in 2021, about 4 percentage points lower than the world average. Vietnam's inflation rate in the first 10 months was 1.81 percent, the lowest since 2016. Vietnam unemployment rate for 2020 was 2.27%, a 0.23% increase from 2019. Core Inflation Rate in Vietnam averaged 1.68 percent from 2015 until 2019, reaching an all time high of 2.20 percent in April of 2015 and a record low of 1.18 percent in January of 2018. A low base effect would contribute a further to 6.5% growth next year. The official interest rate is the Refinancing Rate. Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Nov. 29, 2021, by day. Published by Statista Research Department , Nov 9, 2021. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Vietnam - Inflation Rate (Månedlig). Vietnam's inflation rate in 2021 is set to average around 3% in 2021, mainly reflecting the impact of moderating food prices, which should more than offset recovering oil-related prices, according to HSBC. Get in touch with us now. In November 2018, South Sudan's inflation rate was 49%. FDI Inflow: $16.1 billion. Vietnam GDP 1985-2021. Inflation measures the general evolution of prices. Vietnam's benchmark VN-Index is expected to fluctuate in a range of 1,380-1,480 points in November, boosted by higher vaccination coverage, recovery of the economy and stimulus packages. March 12, 2021. Read more. October 29, 2021. This is due to the dong's persistent overvaluation and higher structural inflation in Vietnam versus the US. Malaysia was estimated to have had the lowest inflation rate in Southeast Asia in 2020, at -1.1 percent. The same is the case now when it comes to confusion over inflation. Vietnam: Industrial activity falls at a slower rate in October. . Consumer prices declined 0.20% from the previous month in October, a softer fall than the 0.62% drop seen in September. "In the context of cooling inflation pressure, we expect the SBV to maintain an adaptive monetary policy in 2021. This table shows the monthly All-Items Consumer Price Index (CPI-U) as well as the annual and monthly inflation rates for the United States in 2021. Thailand inflation rate for 2019 was 0.71%, a 0.36% decline from 2018. Data published Monthly by Department of Statistics. The maximum level was 3.02 % and minimum was -2.88 %. By April 2019, inflation slowed to 40% thanks to an increase in oil output. The annual inflation rate in Vietnam declined to 1.77 percent in October of 2021, the lowest level since March, from 2.06 percent in the previous month, amid a slowdown in cost of both housing . Rising global commodity prices could lead to the return of inflation in Vietnam with an estimated rate of 3.5% year-on-year in 2021, 0.3 percentage points higher than the 3.2% inflation rate last year, but remains below the 4% target set by the National Assembly, according to Viet Dragon Securities Company (VDSC). India inflation rate for 2018 was 3.95%, a 0.62% increase from 2017. October 29, 2021 The current inflation rate page gives more detail on the latest inflation rates. Vietnam's inflation rate in 2021 is set to average around 3% in 2021, mainly reflecting the impact of moderating food prices, which should more than offset recovering oil-related prices, according to . Alison Southwick and Robert Brokamp, CFP (R) (TMFAlison) Dec 1, 2021 at 10:00AM. Argentina's inflation rate is expected to continue to fall to 42.2% in 2020. India inflation rate for 2017 was 3.33%, a 1.62% decline from 2016. South Sudan. 5. October 29, 2021. Vietnam inflation rate in 2021 set to stay under control The inflationary pressure, however, is huge for 2022 amid the deepening energy crisis and the hoarding of strategic goods by some countries. Visit Vietnam Insider for more stories. Vietnam Unemployment Rate 1991-2021. However, the inflation rate in 2021 is expected to be below 4 percent. South Sudan's inflation rate is the fifth-highest in the world at 36.4%. , Jun 16, 2021. Comparatively, Vietnam's inflation . Vietnam inflation rate for 2019 was 2.80%, a 0.74% decline from 2018. Inflation Rate in Hong Kong decreased by 0.2 % in May 2021 over the previous month. Vietnam inflation rate for 2018 was 3.54%, a 0.02% increase from 2017. Vietnam's inflation rate in 2021 is set to average around 3% in 2021, mainly reflecting the impact of moderating food prices, which should more than offset recovering oil-related prices, according to HSBC. Inflation rate lowest in five years. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. However, Tran Toan Thang from NCIF (National Centre for Socio-Economic Information and Forecast) said Vietnam needs to be alert about inflation. Inflation, consumer prices (annual %) - Vietnam from The World Bank: Data It still seeks a 2% inflation over time but is willing to allow higher rates if inflation has been low for a while. If there is a slow recovery, the GDP growth rate will be modest, only 0.8 percent. Historical Data (%) by years.

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