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Vietnam’s annual inflation rate eased to 3.19% in July 2025 from 3.57% in June, marking the lowest level in three months. Price growth moderated for food and non-alcoholic beverages (2.92% vs 3.01% in June), housing and construction materials (7.07% vs 7.23%), medicine and health care services (12.81% vs 12.92%), and other consumer goods and services (3% vs 6.68%). At the same time, transport costs continued to decline, falling 3.74%, a deeper drop compared to the 1.87% decline in June. Conversely, inflation rose for beverages and narcotics (2.24% vs 2.10%), clothing and footwear (1.37% vs 1.35%), and household equipment and goods (1.71% vs 1.68%). Meanwhile, core inflation, which excludes volatile items, slowed to 3.30% in July, a three-month low, from 3.46% in June. On a monthly basis, consumer prices rose 0.11%, down from a 0.48% increase in the prior period.