Recently, it was proposed that a small true vacuum universe can inflate spontaneously, in principle. Furthermore, there should be matter creation in vacuum inflation due to quantum fluctuations, and the matter created will influence the inflation simultaneously. In this paper, scalar and tensor perturbations in this model are analyzed and confronted with recent observations. These perturbations are derived and expressed with Hubble flow-functions. By comparing our calculations with experimental results, we can determine all the parameters in this model. Finally, with the determined parameters, we compute the evolution of the matter density and show that the matter produced in inflation roughly fits the observations at present.