The CPI forecast for October is a 0.3% increase.

Báo An ninh Thủ đô•21/10/2024

21/10/2024 15:21 VH Print article

ANTD.VN - The Center for Industrial and Trade Information ( Ministry of Industry and Trade) forecasts that the consumer price index (CPI) in October 2024 may increase by about 0.3% compared to the previous month.

CPI cả năm nay dự báo vẫn đạt mục tiêu đề ra

The CPI for the whole year is still projected to meet the set target.

According to the Center for Industry and Trade Information, the main reason for the 0.29% increase in the CPI in September compared to the previous month was the severe impact of Typhoon No. 3 (Typhoon Yagi), which caused serious damage to agricultural and fisheries production and transportation systems in some northern provinces. This led to localized shortages of food, vegetables, and fruits at certain times, causing prices to rise in some provinces.

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Nevertheless, investment, industrial production, and import-export activities nationwide in September 2024 remained quite positive and vibrant. The domestic market quickly stabilized, and the supply of goods was basically ensured, fully and promptly meeting the essential consumption needs of the people.

Therefore, after nine months of 2024, inflation control has achieved quite positive results, with the average CPI increasing by only 3.88% compared to the same period last year, below the inflation control target of 4-4.5%.

However, according to the Center for Industry and Trade Information, geopolitical and economic uncertainties around the world could negatively impact growth and the CPI in the final months of the year.

Conversely, many localities have been rapidly and urgently restoring production and business activities, coupled with the fact that management agencies are ensuring a tight connection between supply and demand for goods, which will reduce the impact on price increases and the consumer price index.

In addition, state management agencies will have appropriate management plans for goods and public services with state-regulated prices, following a market-based roadmap to avoid a cumulative impact on the CPI.

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Furthermore, favorable factors from overseas markets such as falling prices of gasoline, steel, and raw materials on the world market, and the Fed's reduction of the benchmark interest rate, thereby reducing pressure on the exchange rate, will ensure that the consumer price index can still meet the target set by Congress.

Based on a comprehensive analysis of the influencing factors, the Center for Industry and Trade Information forecasts that the CPI in October 2024 may increase by approximately 0.3% compared to the previous month.

Source: https://www.anninhthudo.vn/du-bao-cpi-thang-10-tang-03-post593170.antd