Inflation rises 4.57% in 10 months
Vietnam’s Consumer Price Index (CPI), which measures inflation, rose 4.57% in the first 10 months of 2026.
Inflation surged by 4.57% over a 10-month period, driven primarily by rising fuel prices, according to data from the National Statistics Office. The October figure marked a 0.2% increase from the previous month, reflecting a broader trend that saw the index rise 4.41% from December 2025 and 5.09% year-on-year. The core inflation rate, excluding volatile food and energy items, averaged 4.24% during this period.
The Consumer Price Index (CPI) saw price increases across seven of the 11 main categories of goods and services, with four experiencing declines. Notably, the food and catering services group saw a 4.61% year-on-year rise, accounting for 1.65 percentage points of the overall CPI growth. Housing, electricity, water, fuel, and construction materials also contributed significantly, with a 6.66% increase, adding 1.51 percentage points to the CPI.
Domestic fuel prices surged by 13.09%, with household electricity prices rising 3.97% due to higher demand amid hot weather. Transport prices climbed by 6.98%, primarily driven by fuel price hikes. Education and household appliances experienced growth of 3.29% and 2.88%, respectively.
The statistics office noted a pattern of accelerating inflation in early months, peaking in May, easing in June and July, and then accelerating again from August through October. Factors such as global fuel and gas price hikes, rising construction and housing maintenance costs, increased electricity demand, and higher food input costs were identified as key contributors to this inflation surge.
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