Vietnam Inflation Rate Accelerates Slightly to 3.24%

Vietnam’s annual inflation rate rose to 3.35% in February 2026, up from 2.53% in the previous month, which was the lowest since July 2023. Costs increased for food and foodstuff services (5.28% vs 3.64% in January), household equipment and goods (2.23% vs 1.71%), clothing, hats, and footwear (1.87% vs 1.21%), education (3.21% vs 3.14%), culture, entertainment and tourism (2.31% vs 1.11%), beverages and tobacco (3.03% vs 1.95%), and other goods and services (4.10% vs 2.94%). At the same time, inflation held steady for housing electricity, water, fuel and building materials (5.60%), while deflation eased in transportation (-3.19% vs -3.76%) and information and communication (-0.24% vs -0.28%). Meanwhile, price growth slowed for medicines and medical services (0.74% vs 0.92%). On a monthly basis, consumer prices increased by 1.14% in February, accelerating from 0.05% in January. The core inflation rate also rose to 3.74% from 3.19% in January

Vietnam’s annual inflation rate slowed to 2.53% in January 2026, the lowest since July 2023, down from 3.48% in December. Inflation eased across most sub-components, particularly food and foodstuff services (3.64% vs 4.20% in December), driven by a decline in food costs (-1.22%). Price growth also moderated for beverages and cigarettes (1.95% vs 2.05%), garments, hats, and footwear (1.21% vs 1.33%), household equipment and goods (1.71% vs 1.77%), and medicine and healthcare services (0.92% vs 10.27%). Deflation deepened for transport (-3.76% vs -0.55%) and information and communication (-0.28% vs -0.25%). In contrast, inflation picked up for housing, electricity, water, fuel, and construction materials (5.60% vs 5.23%) and education (3.14% vs 3.05%). On a monthly basis, consumer prices inched up 0.05%, following a 0.19% gain in December. The core inflation rate eased to 3.19% from 3.27% in December.

Vietnam's annual inflation rate eased to 3.48% in December 2025, from an eleven-month high of 3.58% in the previous month. Prices increased at a softer pace for the majority of sub-indices, particularly housing, electricity, water, fuel, and building materials (5.23% vs 5.73% in November), household appliances (1.77% vs 1.78%), drinks and tobacco (2.05% vs 2.2%), garments, hats, and shoes (1.33% vs 1.41%), medicines and medical services (10.27% vs 12.65%), education (3.05% vs 3.2%), culture, entertainment, and tourism (1.31% vs 1.63%), and other goods and services (3.03% vs 3.07%). In addition, prices declined for transport (-0.55% vs 1.11%). On the other hand, prices jumped for food and beverage services (4.2% vs 3.29%), particularly foodstuffs (5.18% vs 3.85%) and eating out (4.21% vs 4.05%), while deflation softened for information and communication (-0.25% vs -0.3%). On a monthly basis, consumer prices slowed to 0.19% from 0.45% in November, marking the lowest reading since August.