Price levels are well controlled

The average consumer price index (CPI) for the first six months of the year increased by 4.08%, which is consistent with fluctuations in commodity and currency prices and the impact of the global economy .

Up to this point, prices remain well under control. In the first week after the wage increase policy took effect, prices at local markets were basically stable. There was no "follow-the-trend" price hike following the wage increase, as many consumers perceived.

The education price index increased by approximately 8.5% in the first half of this year, also contributing to the CPI increase due to tuition fee hikes in some localities. This group also needs close monitoring as the third quarter marks the start of the new school year. Currently, publishers have announced price reductions of 10-15% for textbooks, helping to alleviate pressure on the market. inflationary.

Mr. Pham Van Binh, Deputy Director of the Price Management Department, Ministry of Finance, stated: "We will closely coordinate with relevant ministries, departments, and localities to closely monitor market price developments, especially for essential goods, and manage prices of goods whose prices are set by the state, in order to develop a comprehensive plan for guidance and management."

Consumers shop at a supermarket. (Photo: VNA)

"There is still considerable room to control inflation in the remaining months of the year. The average room for control over the remaining six months of the year is 4.9% compared to the same period last year," said Ms. Nguyen Thu Oanh, Head of the Price Statistics Department, General Statistics Office.

Furthermore, concerns about exchange rate pressure on inflation are no longer as significant due to positive signals regarding... US Federal Reserve Interest rates on the US dollar will be cut soon, coupled with an abundant supply of foreign currency domestically.

At the recent June regular government meeting, the Prime Minister emphasized the goal for the third quarter: striving to achieve GDP growth of 6.5-7%; keeping the consumer price index below 4.5%. He stressed the need to strengthen price inspections and controls on various goods, resolutely preventing shortages of electricity, gasoline, and food; and controlling inflation as targeted.

Source: https://baoquangninh.vn/mat-bang-gia-ca-duoc-kiem-soat-tot-3308006.html