CPI increases about 4.2 percent in first quarter
The consumer price index (CPI) in the first quarter of 2023 is estimated to rise 4.2-2.3 percent year on year, according to the Price Management Department under the Ministry of Finance.
Important achievements recorded in domestic economic situation in 8 months: MPI
Despite the changes in the world situation, Vietnam has made positive recovery in business and production activities, stabilized macro-economy, controlled inflation, and ensured major economic balances, according to a report by the Ministry of Planning and Investment (MPI) delivered at the Government regular meeting on September 6.
Consumer prices in August barely surge compared to July
The consumer price index (CPI) in August was up 0.005 percent compared to July. August recorded an estimated trade surplus of US$2.42 billion, said the General Statistics Office this morning.
Current inflation triggered by price not currency
Rising commodity prices due to hike in imports and an easing of monetary policy has put pressure on the domestic market, as well as government efforts to control prices this year.
Inflation inevitable for economic growth
In recent months, inflation has shown signs of increasing in many developed economies, and remaining rather high in some developing and emerging economies due to soaring commodity prices and currency devaluation. This has raised concerns about inflation control in Vietnam.
Many factors behind rising inflation
The 2020 Consumer Price Index (CPI) in Vietnam was contained at 3.23%, but which will be difficult to maintain at a target of 4% in 2021. The reasons behind this lies in many complicating factors that can push the CPI up rather suddenly and unexpectedly.