The Consumer Price Index (CPI) of Vietnam in January 2026 increased by 0.05% compared to the previous month, the National Statistics Office (NSO) announced on January 6.
The growth was mainly driven by stronger consumption demand during the Lunar New Year (Tet) holiday. Higher pork prices due to increased Tet demand, rising prices of dining-out services, and higher costs of housing maintenance materials linked to year-end home renovations were the main contributors to the increase, according to the NSO.
Of the 11 major commodity and service groups, nine recorded price hikes while two saw declines. Notably, the housing, electricity, water, fuel and construction materials group rose 0.7%. The beverages and tobacco group increased 0.58% as demand for consumption and gift-giving during Tet pushed up beer and alcohol prices by 0.45%, cigarettes by 0.6%, and non-alcoholic beverages by 0.89%.
The NSO also reported that core inflation in January increased 0.35% from the previous month and 3.19% year on year, higher than CPI growth, as food and energy prices were excluded from its calculation.
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