Consumer price index is well controlled

Currently, the price level remains stable. Inflation will be well controlled from now until the end of the year.

Consumer price index October saw a 0.33% increase over the previous month, due to high food prices after being affected by storms and floods. However, the spike only lasted for a short time.

Ms. Vu Thi Hai - a trader at the Southern Wholesale Market in Hanoi - said that in October, there was a time when rice prices increased when rice in many northern provinces fell due to storms and floods, traders purchased little output, and then the number of buyers for relief increased dramatically.

"The increase will only last about a week. I still tell people here not to worry, because the supply from the South will be fully supplied," Ms. Hai shared.

For shoppers like Ms. Nghiem Thuy Lan (Hoang Mai District, Hanoi), who has been selling affordable food for many years, she goes to the market almost every day. She said that except for times when storms affect transportation, prices increase, after that the prices of goods return to normal.

Currently, the price level remains stable. Inflation will be well controlled from now until the end of the year. Illustrative photo.

In order for sellers and buyers in the market to have stable prices, production and breeding facilities have to ensure operations and reduce costs. For example, at the farm of Hoang Long Livestock Cooperative, which raises nearly 5,000 pigs, the electricity bill alone is about 60 million VND per month. Since the beginning of October, the electricity price has increased, so the cost should have increased by several million VND.

However, according to Mr. Nguyen Trong Long - Director of Hoang Long Livestock Cooperative: "Changing a little bit in electricity usage hours can save money, just a few million can be cut down".

"The recent increase in electricity prices will only impact the CPI of the fourth quarter by 0.04 percentage points," said Ms. Nguyen Thu Oanh - Director of the Price Statistics Department. General Statistics Office information.

On average, in the first 10 months of this year, Vietnam's CPI only increased by 3.78% compared to the same period last year. However, gasoline prices are still under pressure from global fluctuations. In addition to regulatory solutions from management agencies, transportation companies and retail systems are also proactively optimizing transportation costs.

With the Government's experience in price management and the support and consensus from the people and businesses, the latest international reports predict that inflation this year in Vietnam will be below the threshold of 4.5%. However, it is still necessary to closely monitor to avoid creating pressure to increase prices early next year.

Source: https://baoquangninh.vn/chi-so-gia-tieu-dung-duoc-kiem-soat-tot-3330245.html