Vietnam Core Inflation YoY YTD
Prices · Monthly series · VNCIR
Latest, October 2026
4.2%
-0.02pp from September 2026
Recent history
| Period | Value |
|---|---|
| October 2026 | 4.2% |
| September 2026 | 4.3% |
| August 2026 | 4.2% |
| July 2026 | 4.2% |
| June 2026 | 4.1% |
| May 2026 | 4.0% |
| April 2026 | 3.9% |
| March 2026 | 3.6% |
| February 2026 | 3.5% |
| January 2026 | 3.2% |
| December 2025 | 3.2% |
| November 2025 | 3.2% |
| October 2025 | 3.2% |
| September 2025 | 3.2% |
| August 2025 | 3.2% |
| July 2025 | 3.2% |
| June 2025 | 3.2% |
| May 2025 | 3.1% |
| April 2025 | 3.0% |
| March 2025 | 3.0% |
| February 2025 | 3.0% |
| January 2025 | 3.1% |
| December 2024 | 2.7% |
| November 2024 | 2.7% |
Forecast
Forecast for October 2027: 3.7%, with an 80% interval of -0.6% to 7.4%.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 4.2% | 3.1% | 5.3% |
| December 2026 | 4.2% | 2.6% | 5.4% |
| January 2027 | 4.0% | 2.2% | 5.5% |
| February 2027 | 3.9% | 1.7% | 5.8% |
| March 2027 | 3.8% | 1.3% | 6.0% |
| April 2027 | 3.8% | 0.9% | 6.2% |
| May 2027 | 3.7% | 0.4% | 6.4% |
| June 2027 | 3.7% | 0.1% | 6.6% |
| July 2027 | 3.7% | 0.1% | 6.8% |
| August 2027 | 3.7% | -0.1% | 7.0% |
| September 2027 | 3.7% | -0.4% | 7.3% |
| October 2027 | 3.7% | -0.6% | 7.4% |
Accuracy: Ties no-change, won 4 of 8 test years. Its errors were 0.94 times those of a no-change forecast (MASE). The 80% band held 76% of outcomes. No-change is a forecast that keeps the latest value.
Commentary
Core inflation expected to fall to 3.67% YoY by Oct 2027, down from 4.24% in Oct 2026.
From 4.24% (Oct 2026) to 4.19% (Nov 2026), reflecting SBV deposit-rate guidance and easier liquidity.
Then to 3.75–3.67% by May–Oct 2027, driven by softer global oil prices and Vietnam's Fuel Price Stabilization Fund.
Additionally, the downtrend is supported by large electronics FDI (Samsung $1.5bn, LG Innotek $1bn) easing supply-side pressures.
Source
Data: ECONOMICS feed via TradingView.
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