Vietnam’s average CPI rises 4.57% in first 10 months of 2026
October consumer prices increased 0.2% from September and 5.09% year-on-year, with domestic fuel costs driving the monthly rise.
Vietnam’s consumer price index averaged 4.57 per cent higher over January–October 2026 than a year earlier, according to the National Statistics Office under the Ministry of Finance. Average core inflation for the period was 4.24 per cent.
The October CPI rose 0.2 per cent month-on-month, primarily because domestic fuel prices followed global prices upwards, the office said. The index was 5.09 per cent above its year-earlier level and 4.41 per cent higher than in December 2025.
Seven of the 11 main consumer goods and services categories became more expensive compared with September, while prices in four fell. The monthly increase was 0.16 per cent for urban areas and 0.25 per cent for rural areas.
Food and catering prices climbed 4.61 per cent year-on-year, accounting for 1.65 percentage points of overall CPI growth. The category covering housing, utilities, fuel and construction materials rose 6.66 per cent, contributing 1.51 percentage points. Transport prices increased 6.98 per cent and contributed 0.7 percentage points, while fuel prices rose 13.09 per cent.
The statistics office said price increases accelerated early in the year and peaked in May. They moderated in June and July before gathering pace again from August to October. It cited higher global fuel and gas prices, construction and housing maintenance costs, electricity demand and food input costs.
October core inflation declined 0.05 per cent month-on-month but increased 4.04 per cent year-on-year. Its 10-month average remained below headline inflation; the core measure excludes fuel, gas, food, fresh produce and healthcare services.
