AsemconnectVietnam - Vietnam’s annual inflation rate increased to 5.6% in May of 2026 from 5.46% in the previous month, and was the the highest since January of 2020, mostly due to faster price growth in transport (increased by 12.48% vs 11.08% in April), and increasing energy costs because of the ongoing conflict in the Middle East.

Besides, the price of housing and construction materials also increased (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%).
However, the country's inflation fell 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%).
In comparison with the previous month, the CPI increased by 0.29%, the smallest rise in 4 months, from a 0.84% increase in April.
The country's annual core inflation was stable at 4.67% in May compared with 4.66% in April, remaining the highest level since March of 2023.
CK
Source: VITIC/tradingeconomics.com