Investment News

Must be very focused, not subjective, negligent in price management


Price management and administration should continue to be done in a cautious, flexible, proactive and timely manner, ensuring the control of average inflation in 2022 according to the target assigned by the National Assembly.

The above request was made by Deputy Prime Minister Le Minh Khai, Head of the Steering Committee for Price Management, at the meeting of the Steering Committee, which took place on the afternoon of July 8.

The COVID-19 epidemic has been controlled, so the demand for eating at restaurants has increased, so the average price of meals outside the family in the first 6 months of this year increased by 3.5% compared to the same period last year, which is also a factor that causes the overall CPI to increase. 0.3%.

In addition, the price of cement, iron, steel and sand increased according to the price of input materials, the domestic rice price increased according to the export price of rice, and the demand for glutinous rice and delicious rice during the Lunar New Year increased. The high impact made the overall CPI increase by 0.16% and 0.03%.

On the other side, there were also some factors that reduced CPI in the first 6 months such as the price of food items decreased by 0.4% compared to the same period last year, which caused the CPI to decrease by 0.08%; The Government drastically directs ministries, branches and localities to synchronously implement solutions to stabilize prices and limit negative impacts on socio-economic development; Timely promulgated policies help stabilize production and business activities of enterprises and people's lives, significantly reduce pressure on the price level...

However, in the coming time, the situation is unpredictable, the pressure to increase prices, control the price index and inflation is huge. Therefore, price control must be focused, not subjective or neglected.

The Deputy Prime Minister asked ministries and branches according to their functions and tasks to focus on grasping the situation, researching and offering appropriate solutions in the conditions of available space.

Noting that since the beginning of the year until now, the Steering Committee has met up to 5 times to promote the direction and management of prices, the Deputy Prime Minister noted that ministries and branches need to actively update the situation and implement the Government's solutions. The Government, the Prime Minister and the Steering Committee for managing the assigned prices flexibly, promptly and effectively, contribute to keeping the CPI in line with the target set by the National Assembly.

Ministries and branches with management functions related to essential goods must have timely solutions to ensure supply and demand, closely monitor the situation, handle hoarding and shortage of goods.