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Four months into 2026, the Consumer Price Index (CPI) rose 3.99% year over year, while core inflation increased 3.89% over the same period.
In April, CPI climbed 0.84% from March, driven mainly by higher domestic gas prices aligned with global fuel prices, higher costs for out-of-home dining services, and higher construction materials due to input and transport costs. April CPI was up 3.31% from December 2025 and 5.46% higher than the same period last year. Over the first four months of 2026, CPI rose 3.99% compared with the same period in 2025; core inflation rose 3.89%.
Gasoline, gas, and food price volatility contributed to the overall CPI increase. Within the 0.84% CPI rise in April 2026 versus March, 10 groups of goods and services recorded higher prices, while the transportation group declined.
Ten groups with rising prices (April vs. March):
Transportation (declined): Transportation fell 0.81% (contributing −0.08 pp to CPI), mainly due to gasoline prices falling 3.19% in line with global prices. However, some transport-related items rose: diesel up 18.55%; public transport up 12.43%; vehicle maintenance up 1.35%; spare parts up 1.17%; parking services up 1.22%; car wash and fueling up 0.93%; bicycles up 0.82%; new cars up 0.42%; and motorcycles up 0.23%.
CPI for the four months of 2026 rose 3.99% year over year. The highest increases were in housing, electricity, gas and building materials at 6.25%. Food and dining services rose 4.71%, other goods and services increased 3.89%, and transportation rose 3.48%. Education rose 3.25%, beverages and tobacco rose 3.15%, household goods and appliances rose 2.38%, and culture, entertainment and travel rose 2.05%. Clothing and footwear rose 1.79%, while drugs and medical services rose 0.94%. Information and communications declined 0.09%.
Core inflation in April rose 0.88% from the previous month and 4.66% year over year. Averaged over the four months of 2026, core inflation rose 3.89% year over year, lower than the overall CPI increase of 3.99%. The difference reflects price volatility in oil, gas and food, which lifts CPI but is excluded from the core inflation measure.
Source: Nhat Quang, FILI
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