Vietnam’s consumer price growth cooled at the start of 2026, with the country’s CPI rising just 0.05% month-over-month in January, down from a 0.19% increase in December 2025. The fresh data, updated on 6 February 2026, point to a moderation in short-term inflationary momentum after a relatively stronger price uptick at the end of last year.
On a month-over-month basis, January’s reading shows that consumer prices are still edging higher, but at a noticeably slower pace compared with the previous month. In December 2025, the 0.19% gain reflected price changes versus November 2025, while the latest 0.05% figure compares January 2026 levels to those in December.
The softer CPI print may offer policymakers slightly more breathing room as they weigh inflation risks against the need to support growth. For markets and businesses, the deceleration suggests a more stable near-term price environment, though the trajectory over the coming months will remain critical for expectations on costs, wages, and interest rates.
