CPI increased by 0.29% in May.

(PLVN) - The Consumer Price Index (CPI) in May increased by 0.29% compared to the previous month due to rising electricity and water prices, coupled with high demand during hot weather, as well as increases in construction material prices, rental housing prices, and gasoline prices. Overall, for the first five months of the year, the CPI increased by 4.31% compared to the same period last year; core inflation increased by 4.04%.

This morning, June 3rd, the General Statistics Office ( Ministry of Finance ) announced the Report on the socio-economic situation in May and the first five months of 2025. According to the report, the consumer price index (CPI) in May increased by 0.29% compared to the previous month. The CPI in May increased by 3.61% compared to December 2025 and by 5.60% compared to the same period last year.

Of the 0.29% increase in the CPI in May compared to the previous month, 10 commodity groups saw price increases, while the price index for food and food services decreased.

Ten groups of goods and services saw price increases, including: Housing, electricity, water, fuel, and construction materials, up 0.96% (contributing 0.22 percentage points to the overall CPI); Transportation, up 0.83% (contributing 0.08 percentage points to the overall CPI); Culture, entertainment, and tourism, up 0.48%; Beverages and tobacco, up 0.21% due to increased import, production, and distribution costs; Household equipment and appliances, up 0.17% due to increased raw material, labor, and transportation costs; Other goods and services, up 0.14%; Clothing, hats, and footwear, up 0.13% due to increased raw material, transportation, and labor costs; Medicines and medical services, up 0.10% due to a 0.32% increase in the price index of medicines, mainly caused by hot weather and increased demand for medicines. The information and communication group increased by 0.04%; the education group increased by 0.03%. The food and beverage group, however, decreased by 0.14%.

Overall, in the first five months of the year, the CPI increased by 4.31% compared to the same period in 2025, with the highest increase at 6.64% for housing, electricity, water, fuel, and construction materials; 5.22% for transportation; 4.77% for food and catering services; 3.96% for other goods and services; 3.38% for beverages and tobacco; 3.28% for education; 2.53% for household equipment and appliances; 2.22% for culture, entertainment, and tourism; 1.91% for clothing, hats, and footwear; and 0.99% for medicines and medical services. Information and communication, however, decreased by 0.06%.

Core inflation in May increased by 0.34% compared to the previous month and by 4.67% compared to the same period last year. For the first five months of 2026, core inflation averaged 4.04% year-on-year, lower than the 4.31% increase in the overall CPI due to significant fluctuations in gasoline, gas, and food prices, which contributed to the overall CPI increase, while these factors are excluded from the calculation of core inflation.

The gold price index fell 4.11% in May.

According to the General Statistics Office, domestic gold prices fluctuate in line with world gold prices. As of May 27th, the average world gold price for May was $4,619.18 per ounce, a decrease of 2.40% compared to April. In May, world gold prices fell due to profit-taking after a period of strong increases and a more stable market sentiment, reducing the demand for safe-haven assets.

Domestically, the gold price index in May decreased by 4.11% compared to the previous month, mainly due to gold prices being adjusted downward by businesses in line with world gold prices. Compared to the same period last year, the gold price index increased by 33.87%; compared to December 2025, it increased by 6.27%; and the average for the first five months of 2026, the gold price index increased by 65.97%.

The domestic US dollar exchange rate fluctuates in line with the global rate. As of May 27th, the average US dollar index on the international market for May reached 98.62 points, a slight decrease of 0.01 points compared to April, due to market expectations that the US Federal Reserve (FED) may cut interest rates in the near future.

Domestically, the average US dollar exchange rate on the free market is around 26,375 VND/USD. The US dollar price index in May increased by 0.02% compared to the previous month due to increased domestic demand for foreign currency; increased by 0.78% compared to the same period last year; decreased by 0.28% compared to December 2025; the average US dollar price index over the past 5 months has increased by 1.99%.

Source: https://baophapluat.vn/cpi-thang-5-tang-0-29.html