Ten of the 11 categories of main consumer goods and services have recorded price hikes in October, with the strongest month-on-month increase, 1.04 percent, seen in the food and food services group.
The Steering Committee for Price Management held a meeting in Hanoi on September 27, during which Deputy Prime Minister Vuong Dinh Hue said that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.
From 17:00 of July 17, the retail price of RON95-III increased 718 VND to a maximum level of 21,235 VND per litre, while the ceiling price of bio-fuel E5 RON 92 was up 626 VND to 20,279 VND per litre.
The prices of oil and petrol have climbed over 400 VND (0.017 USD) per litre following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance on July 2.
The retail prices of oil and petrol were adjusted down starting from 3 pm on June 17 following a decision made by the ministries of Finance, and Industry and Trade.
The retail prices of oil and petrol were adjusted down from 3 pm on June 1 following a decision made by the ministries of finance and industry and trade.
The Ministry of Industry and Trade and Finance Ministry revised up petrol prices on May 2, marking the third time they had made price adjustments after using the price stabilisation fund.
Vietnam recorded a year-on-year rise of 2.71 percent in the consumer price index (CPI) between January and April of 2019, a three-year low in the period.
The Finance Ministry said it has devised three scenarios for the domestic consumer price index (CPI) in 2019 based on different levels of increase in world petrol prices.