Deputy Prime Minister Le Minh Khai shares about the "art of price management"

Questioning Deputy Prime Minister Le Minh Khai on the morning of June 8, delegate Trieu Thi Huyen ( Yen Bai delegation) raised the issue that the Government has issued a Decree on increasing the basic salary from July 1, 2023. Accordingly, the prices of some essential services such as electricity, healthcare, education, and insurance in the coming time can be considered to increase according to the market price roadmap.

Delegates asked the Deputy Prime Minister to propose comprehensive solutions on price management to ensure inflation control and avoid the psychological effect of salary and price increases?

Focus - Deputy Prime Minister Le Minh Khai shares about the — Delegate Trieu Thi Huyen (Photo: Quochoi.vn).

In response, Deputy Prime Minister Le Minh Khai said that price management is a flexible art in the conditions of operating according to a market economy but with State management. Management must pay attention to people's lives, especially those in remote areas.

"Price management solutions must be flexible, based on market signals, and must grasp the market to have management scenarios. For example, with gasoline, prices increased in the first 10 months of the year but decreased in mid-September," said the Deputy Prime Minister, adding that it is necessary to grasp the market, have solutions and scenarios for management.

The goal is to achieve as assigned by the National Assembly, such as CPI reaching 4% in 2022 and about 4.5% in 2023.

According to the Deputy Prime Minister, to maintain prices, we must meet the supply-demand relationship. The Government is very concerned about this, especially with essential goods such as food. In implementing the provisions of the law on prices, the Deputy Prime Minister emphasized that for goods whose prices are not set by the State, they must be posted, declared and regularly inspected.

In particular, the Deputy Prime Minister said that it is necessary to fully disseminate information and propaganda so that people understand the Government's price management work, avoiding uncontrolled inflation and price increases.

“In particular, in July, the basic salary will increase to 1.8 million, we have calculated very carefully, it will not affect much, but we must also pay close attention to controlling prices, so that by the end of 2023, the CPI will not exceed 4.5% as allowed by the National Assembly,” the Deputy Prime Minister replied to the delegates .

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