Society

Prices of consumer goods to rise ahead of traditional Lunar New Year

Prices of various consumer goods are predicted to increase at the end of the lunar year, an official of the Ministry of Finance (MoF) has said.
Prices of consumer goods to rise ahead of traditional Lunar New Year ảnh 1Customer purchases pork at a market in the northern province of Bac Ninh (Photo: VNA)
Hanoi (VNA) – Prices ofvarious consumer goods are predicted to increase at the end of the lunar year,an official of the Ministry of Finance (MoF) has said.

Head of the Department of Price Managementunder the MoF Nguyen Anh Tuan said prices of food stuff, consumer goods,garment-textile and footwear will surge due to rising demand in the period.

Pork prices tend to increase because of theshort supply as a result of the African swine fever, while those of oil and gasremain unpredictable as they depend on the fluctuations of average prices inthe world market, he added.

Relevant agencies are keeping a close watchon prices for prompt intervention, especially those of necessaries.

The MoF has ordered inspection on theimplementation of legal regulations on price management. It has also requestedthe Ministry of Industry and Trade and the Ministry of Agriculture and RuralDevelopment to instruct agencies to increase the import of pork to meetconsumers’ demand./. 
VNA
# consumer goods #lunar year #Ministry of Finance #pork prices #African swine fever #price management #vietnamplus #Vietnam News Agency
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