Vietnam Consumer Price Index Year-on-Year
Vietnam Consumer Price Index Year-on-Year stood at 4.45 in Jul 2026, according to National Statistics Office (NSO). It is one of the indicators in the CPI table (Year on year (YoY) · Monthly), with a complete series running from Dec 2001 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the CPI table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPI11 | 4.45 | 4.69 | 5.6 | 5.46 | 4.65 | 3.35 | 2.53 | 3.48 | 3.58 | 3.25 | |
| Food and catering services | 4.63 | 4.89 | 5.03 | 5.2 | 4.72 | 5.28 | 3.64 | 4.2 | 3.29 | 2.09 | |
| Beverages and tobacco | 4.13 | 4.21 | 4.29 | 4.21 | 3.44 | 3.03 | 1.95 | 2.05 | 2.2 | 2.36 |
Understanding vietnam Consumer Price Index Year-on-Year
This index reflects the price level of a basket of consumer goods and services in the survey month compared to the corresponding month of the previous year. The basket is compiled according to household expenditure structures, covering various categories ranging from food and housing to healthcare, transport, and entertainment. Being a general index, a sharp fluctuation in a single commodity does not necessarily cause the entire CPI to change correspondingly; the impact also depends on the weight of that commodity. Unlike the month-on-month CPI, this indicator measures price volatility across a seasonal cycle rather than short-term developments between two consecutive months.
A score higher than the neutral mark indicates that consumer prices have generally increased compared to the same month of the previous year, while a score lower than that mark implies a decrease. Year-on-year comparisons help limit the influence of Tet, the tourism season, and tuition fee cycles, although they may still be swayed by an unusual price base from the previous year. Monthly volatility rates should not be summed up to deduce year-on-year results. When the weighting structure, commodity portfolio, or base year is updated, the comparability with the old series must also be carefully considered.
Frequently asked questions
- Does a higher year-on-year Consumer Price Index (CPI) mean every commodity is more expensive?
- No. The index is a weighted aggregate, meaning certain commodities can still fall in price while the general level rises.
- Why does the year-on-year Consumer Price Index (CPI) differ significantly from the month-on-month figure?
- The two metrics use different comparison bases: one contrasts with the same month of the previous year, while the other contrasts with the immediately preceding month.
- Can the year-on-year Consumer Price Index (CPI) be used to calculate price growth since the start of the year?
- It is not recommended, as this is not a cumulative index. Evaluating an entire period requires a price level series or an appropriate average indicator.