Vietnam’s annual inflation rate increased to 5.60% in May 2026 from 5.46% in the previous month. This was the highest reading since January 2020, driven primarily by faster price growth in transport (12.48% vs 11.08% in April), reflecting elevated energy costs linked to ongoing conflict in the Middle East. Additional upward pressure came from housing and construction materials (8.19% vs 7.95%), culture, entertainment and tourism (2.91% vs 2.71%), garments, hats and footwear (2.37% vs 2.29%), beverages and tobacco (4.29% vs 4.21%), and healthcare services (1.19% vs 1.11%). In contrast, inflation eased for food (5.03% vs 5.20%), information and communication (0.07% vs 0.24%), and other goods and services (4.22% vs 4.52%). On a monthly basis, the CPI advanced 0.29%, the smallest rise in four months, slowing from a 0.84% increase in April. Annual core inflation was largely unchanged at 4.67% in May compared with 4.66% in April, remaining at its highest level since March 2023. source: General Statistics Office of Vietnam

Inflation Rate in Vietnam increased to 5.60 percent in May from 5.46 percent in April of 2026. Inflation Rate in Vietnam averaged 5.57 percent from 1996 until 2026, reaching an all time high of 28.24 percent in August of 2008 and a record low of -2.60 percent in July of 2000. This page provides the latest reported value for - Vietnam Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Inflation Rate in Vietnam increased to 5.60 percent in May from 5.46 percent in April of 2026. Inflation Rate in Vietnam is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Inflation Rate is projected to trend around 3.00 percent in 2027 and 2.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-03 02:00 AM
Inflation Rate YoY
Apr 5.46% 4.65% 5.0%
2026-06-03 02:00 AM
Inflation Rate YoY
May 5.60% 5.46% 6.0%
2026-07-03 02:00 AM
Inflation Rate YoY
Jun 5.60% 6.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 108.04 107.73 points May 2026
Core Inflation Rate 4.67 4.66 percent May 2026
Core Inflation Rate MoM 0.34 0.88 percent May 2026
CPI Transportation 106.69 105.81 points May 2026
Export Prices 128.10 126.70 points Dec 2024
Food Inflation 5.03 5.20 percent May 2026
GDP Deflator 183.63 175.29 points Dec 2024
Import Prices 116.10 118.40 points Dec 2024
Inflation Rate YoY 5.60 5.46 percent May 2026
Inflation Rate MoM 0.29 0.84 percent May 2026
Producer Price Inflation MoM 0.68 0.51 percent Mar 2026
Producer Prices 101.51 100.82 points Mar 2026


Vietnam Inflation Rate
In Vietnam, the most important categories in the consumer price index are food and drink services (36.12 percent of total weight), housing and construction materials (15.73 percent), transport (9.37 percent), household appliances (7.1 percent) and clothing and footwear (6.37 percent). The index also includes: education (6 percent), health (5 percent), culture, entertainment and tourism (4.29 percent), beverages and tobacco (3.59 percent), miscellaneous goods and services (3.3 percent) and posts and telecoms (2.89 percent).
Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.46 28.24 -2.60 1996 - 2026 percent Monthly

News Stream
Vietnam Inflation Rate Rises to 5.6% in May
Vietnam’s annual inflation rate increased to 5.60% in May 2026 from 5.46% in the previous month. This was the highest reading since January 2020, driven primarily by faster price growth in transport (12.48% vs 11.08% in April), reflecting elevated energy costs linked to ongoing conflict in the Middle East. Additional upward pressure came from housing and construction materials (8.19% vs 7.95%), culture, entertainment and tourism (2.91% vs 2.71%), garments, hats and footwear (2.37% vs 2.29%), beverages and tobacco (4.29% vs 4.21%), and healthcare services (1.19% vs 1.11%). In contrast, inflation eased for food (5.03% vs 5.20%), information and communication (0.07% vs 0.24%), and other goods and services (4.22% vs 4.52%). On a monthly basis, the CPI advanced 0.29%, the smallest rise in four months, slowing from a 0.84% increase in April. Annual core inflation was largely unchanged at 4.67% in May compared with 4.66% in April, remaining at its highest level since March 2023.
2026-06-03
Vietnam Holds 2026 Inflation Target at 4.5% Despite War Risks
Vietnam’s central bank will maintain its 2026 inflation target at 4.5% even as price pressures from the Iran war mount, Governor Pham Duc An said in an interview. Inflation rose 5.46% yoy in April, driven by an 11.1% surge in transport costs. Duc An noted that the global economic landscape remains “complex and unpredictable,” with geopolitical tensions complicating policy stance. The State Bank pledged to support production and business activity to help meet the government’s goal of double-digit growth over the next five years. Monetary policy will be managed flexibly, coordinated with fiscal measures to balance growth and stability. Further, authorities will rely on open market operations to ensure liquidity, steer credit toward productive sectors, and restrict lending to riskier areas. The board will also monitor market conditions closely, adjusting rates as needed while maintaining a balance between credit expansion and capital mobilisation.
2026-05-06
Vietnam Inflation Rate Highest Since 2020
Vietnam’s annual inflation rate accelerated to 5.46% in April 2026 from 4.65% in March, marking the highest level since January 2020, driven by higher domestic gas prices in line with rising global oil prices. Upward price pressures were broad-based across most components, including food (5.20% vs 4.72% in March); beverages and tobacco (4.21% vs 3.44%); clothing, hats, and footwear (2.29% vs 1.82%); housing, electricity, water, fuel, and building materials (7.95% vs 5.88%); household equipment and goods (3.14% vs 2.44%); healthcare (1.11% vs 1.00%); transport (11.08% vs 10.81%); education (3.37% vs 3.30%); culture, entertainment, and tourism (2.71% vs 2.07%); and other goods and services (4.52% vs 4.01%). Meanwhile, the cost of communication rebounded (0.24% vs -0.07%). Core inflation rose to 4.66% in April from 3.96% previously. Core inflation accelerated to 4.66% in April, marking the fastest pace since March 2023. Monthly, CPI rose 0.84%, easing from a 1.23% rise in March.
2026-05-03