Hanoi: October CPI to climb by 0.05-0.1 percent hinh anh 1Illustrative image (Source: VNA)
Hanoi’s consumer price index (CPI) in October is forecast to increase by 0.05-0.1 percent over the previous month, according to the municipal Department of Industry and Trade.

Price hike could be seen in vegetables, oil and gas, and water usage during the month.

To stabilise market prices, the department has mobilised and effectively used domestic and foreign financial resources while promoting social engagement to develop infrastructure networks for markets, trade centres and supermarkets, especially in rural areas.

The department has directed relevant units to store goods for aid in flood-prone areas given the recent abnormal weather patterns.

Besides implementing stabilisation programmes for basic necessities across the city, the department is expanding the campaign “Vietnamese people prioritise using Vietnamese goods” to rural areas and industrial and processing parks.

As many as 28 market days and over 200 mobile shops have been organised in the capital’s outskirts and the Vietnamese Goods Week has visited 20 districts and towns.

The market management board will coordinate with relevant departments and sectors to prevent the collection of food for export, which could result in domestic supply-demand imbalance.-VNA