Vietnam's July CPI Decreases by 0.12% Driven by Falling Oil and Food Prices

The General Statistics Office of Vietnam announced on August 3rd that the Consumer Price Index (CPI) for July decreased by 0.12% compared to the previous month. This decline was primarily attributed to falling prices of gasoline, oil, and food. For the first seven months of the year, the CPI increased by 4.39% compared to the same period in 2025. Core inflation rose by 4.19%. Among the basket of goods and services used to calculate the CPI, three groups saw a decrease in their price indices. Specifically, the transportation group fell by 2.02%, contributing to a 0.2 percentage point reduction in the overall CPI. Food and catering services decreased by 0.07%, and the housing, electricity, water, fuel, and construction materials group also saw a 0.07% decline. Conversely, eight groups experienced an increase in their price indices. Health and medical services rose by 0.07%, information and communication by 0.1%, household appliances and furniture by 0.14%, apparel, headwear, and footwear by 0.16%, beverages and tobacco by 0.18%, education by 0.24%, culture, entertainment, and tourism by 0.52%, and other goods and services by 1.96%.