Despite rich supply of foods and vegetables in the market to assure consumers’ demands, the pressing price hike has been initiated by material prices in the world, prompting Consumer Price Index (CPI) of June to increase.
CPI of June should be well controlled to maintain price line of the year. In this photo: Consumers are buying goods at Lotte Binh Duong. Photo: Truc Huynh
Food price increases
Investigation shows that the price of food items increase is most clearly seen in popular restaurants, where laborers gather in the province to eat. Duc, a driver of a bank branch in Thu Dau Mot City, said that in April, a dish of fish fillet, with soup on the city's price of only VND 25,000, has now risen to VND 30,000, which is less fish and vegetables. At a restaurant in the area, two months ago, the price of VND 15,000 / dish now increases to VND 18,000 / dish, the food is also less, if you need more rice, you have to pay 2,000 more. Pho, noodles, noodles, rice porridge, rice plate popular in the area also increased quite strong, from 20 - 30%; Previously each barbecue noodle, vermicelli cost from 20,000 to 25,000 now increased to 25,000 to 30,000.
According to Lanh, owner of vermicelli casserole on Nguyen Van Long street, Chanh My ward, Thu Dau Mot city, the price of pork has from mid April up to now increased by VND 5,000 / kg, from VND 49,000 to VND 51,000 / kg, pork prices have gone up by VND 15,000-20,000 / kg; herbs, water spinach also increased by VND 5,000 / kg, not including spices. For each increase of a few thousand per kg, so her selling price adjusted up VND 5,000 / bowl, from VND 20,000 to VND 25,000 / bowl to cover costs.
Nguyen Thi Huyen, in Chanh My ward shared, her family has 4 people, months before each month to buy rice of VND 350,000 and VND 200,000 / day market purchase, now the money to buy rice has increased to VND 400,000 / month, and VND 250,000 / day for market purchase to ensure the daily life of the whole family. Meanwhile, prices of services such as gas, water, and petrol are increasing, so now every month her family spend up to VND 11 million to cover all expenses.
Price hiking well controlled
Not only Binh Duong, the price of goods and services is on the rise in many other provinces. Statistics from the General Statistics Office show that CPI in May increased by 0.55% over the previous month. May is also the month with the highest increase in CPI in 6 years. Nguyen Anh Tuan, head of the Price Management Department of the Ministry of Finance, said that market prices in the first five months fluctuated relatively high in the first two months, slightly down in March and up gradually come back in the next 2 months. Average CPI increased by 3.01% over the same period last year.
According to Tuan, the causes of CPI in April and May 2018 basically increase almost no price increase factor derived from the price management of the Government, but mainly from the market factor. school. For example, the price of some fuels, especially the price of petroleum in the world continue to rise higher than forecast on the world market, leading to the authorities have to adjust prices in the country; rising food prices due to increased demand for rice exports; In addition, pork prices tend to recover due to the decrease in total stocks, many small producers have not yet recovered, pushing the price of pork slightly double the price compared with the same period last year; Gas prices rose in line with world prices. Meanwhile, in the opposite direction, the factors that helped curb CPI growth basically did not change much from the early forecast.
On the ability to control inflation below 4% as our target set in 2018, Tuan acknowledged, the market still latent factors that adversely affect the goal of controlling inflation. mainly from the market. It is the pressure of rising prices of some raw materials in the world market affecting domestic prices through import channels, notably the complex fluctuations of petrol prices in recent times. Along with the consequences of natural disasters, epidemics can happen complicated, unpredictable.
With the experience of regulating prices in 2017, Tuan said that in order to control CPI in 2018, curbing the effectiveness of price increase, ministries, branches and localities in the country should pay much attention to forecasting and construction. The detailed price management model for each item of goods managed by the State with careful steps and appropriate roadmap, ensuring no sudden impacts on the general price level. In addition, the ministries, branches and localities shall have to synchronously and effectively work to ensure the supply and demand of essential commodities; Make good preparation of sources to meet consumer demand (both consumption for production and consumption for life), in all situations, in all regions, all the time ...
In May 2018, 9 out of 11 groups of goods and services have price index increased compared to last month; In which the traffic group had the highest growth rate (1.72%), mainly due to the effect of two rounds of petrol and oil price adjustment on May 8, 2018 and May 23, 2018. General CPI increased 0.16%). Core inflation in May -1818 increased by 0.11% over the previous month and 1.37% over the same period last year. In general, the average CPI in the first five months of this year increased by 1.34% over the same period last year.
Reported by Thanh Hong – Translated by Vi Bao
