VOV.VN - Vietnam’s consumer price index (CPI) in April edged up 0.07% month on month and 4.4% year on year which was fuelled by a petroleum price hike and other factors, according to a report released on April 29 by the General Statistics Office (GSO).

Hanoi’s consumer price index (CPI) in 2023 is estimated to increase 2.04% year-on-year, according to the Hanoi Statistics Office.

VOV.VN - The Electricity of Vietnam’s recent decision to raise the average retail price of electricity by 3% as of May 4 will not have much impact on the country’s consumer price index (CPI), according to an official of the country’s sole power group.

VOV.VN - The Ministry of Industry and Trade (MoIT) will carefully consider all options to adjust electricity prices reasonably, said MoIT deputy minister Do Thang Hai referring to Electricity of Vietnam (EVN)’s proposal to hike retail electricity prices.

Domestic food producers are facing increased costs while trying to keep prices down to stimulate sales, said industry insiders and experts.

The World Bank (WB) has recommended the Vietnamese Government consider taking measures to provide support, especially targeted direct support, for local disadvantaged households in dealing with a spike in goods and service prices.

VOV.VN - The prospect of a sharp increase in petrol prices potentially taking effect on the afternoon of June 13 caused crowds of people in Ho Chi Minh City to rushed out to fill up their vehicles up, resulting in long lines at petrol stations.

Several key construction materials have seen a sharp price hike during the first three months of 2022, putting significant pressure on property prices, according to the Vietnam Association of Construction Contractors (VACC).

VOV.VN - Trade Minister Nguyen Hong Dien on March 16 played down legislators’ worries about petroleum supply disruption due to global price volatility, saying Vietnam has a sufficient supply of petroleum products for local consumption.

VOV.VN - High domestic petrol prices have put greater pressure on production and business services, especially on transportation and production of consumer goods that fall victim to recent price hikes.