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Essential goods prices are racing to increase, people cut spending to stay in the city

Báo Lao ĐộngBáo Lao Động02/01/2024



Some essential commodities such as rice and electricity have had their prices adjusted up over the past year. Electricity prices have even increased twice in 2023, from VND1,864.44/kWh to VND2,006.79/kWh (excluding VAT).

Although it has been maintained quite stable, the retail price of rice has also increased. In January 2023, the price of non-glutinous rice was 12,500 VND/kg, and Nang Nhen rice was 20,000 VND/kg. However, by December 2023, non-glutinous rice increased by 1,500 VND/kg, while Nang Nhen rice increased by 6,000 VND/kg.

Not only essential goods, in the past year, the price of gold - one of the familiar investment channels of people - also recorded a "dizzying" price increase. From the beginning of January 2023 to December 27, 2023, this precious metal increased in price to 13.25 million VND/tael for buying and increased 13.05 million VND/tael for selling.



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