Forecasting the year-end inflation scenario, Deputy Prime Minister gives special attention to essential goods

Dự báo kịch bản lạm phát cuối năm, Phó thủ tướng lưu ý đặc biệt với hàng thiết yếu - Ảnh 1. — Deputy Prime Minister Ho Duc Phoc - Photo: VGP

According to the Ministry of Finance , the CPI in the first 7 months of the year is estimated to increase by 3.2 - 3.3%, which is an appropriate level in the context of resources being focused on promoting economic growth at the highest level. Vietnam's inflation is being controlled within the target limit.

What factors affect year-end prices?

However, the Ministry of Finance forecasts a number of factors that will put pressure on the price level by the end of 2025, such as prices of imported raw materials and fuel; prices of construction materials; prices of some food, foodstuffs, beverages, and garments; prices of some items managed by the State; climate change is becoming increasingly severe with greater scale and frequency...

However, there are some factors that help reduce pressure on price levels (abundant domestic food supply; tuition exemption policy for students from preschool to high school nationwide; textbook prices reduced by 5-20%; tax reduction policy...

Therefore, the ministry has proposed a year-end operating scenario of an increase of 3.7-4.0%. International organizations forecast Vietnam's average inflation at around 2.9-4.2%. Accordingly, each month there is room for an increase of around 1.19-1.58% to ensure the target of controlling the average at 4.5-5.0%.

In conclusion, the Deputy Prime Minister emphasized that price management is extremely important. Therefore, strengthening price management and operation in a reasonable manner to promote rapid and sustainable growth is a mandatory requirement.

It is necessary to pay close attention to the developments of essential goods, related to people's lives and business activities, especially gasoline; electricity; rice, meat... to prepare appropriate management and operation solutions.

Along with that, there are fundamental and synchronous solutions to manage the real estate market to operate healthily, suitable for people's lives. Manage money supply, stabilize the exchange rate of Vietnamese Dong to USD; manage electricity prices; construction material prices and input material prices for production...

Implement measures to closely monitor price fluctuations in the domestic market, especially for essential consumer goods and services; proactively and flexibly take measures to regulate supply and demand and stabilize the market, avoid shortages and price hikes, contributing to curbing inflation and ensuring social security.

Pay attention to essential items

Mr. Phuc also requested local ministries and branches to closely monitor the supply and demand developments and market prices of goods under their management for appropriate management. Proactively forecast and have plans to ensure supply and demand balance, especially during times when the market has high demand for essential goods.

Strengthen the effective implementation and supervision of price declaration and posting measures; publicize price information; strictly handle acts of unreasonable price increases that cause market instability.

Conduct fiscal policy in coordination with monetary policy and other policies to contribute to stabilizing the macro economy , controlling inflation, and ensuring major balances of the economy.

Continue to promote information and propaganda work, ensure timely and transparent information on prices and price management, especially price developments of important materials and essential goods related to production and people's lives to limit expected inflation, stabilize consumer and business psychology - especially at times coinciding with holidays during the year.

NGOC AN

Source: https://tuoitre.vn/du-bao-kich-ban-lam-phat-cuoi-nam-pho-thu-tuong-luu-y-dac-biet-voi-hang-thiet-yeu-20250805173555996.htm