Control over inflation possible in Vietnam

As socio-economic activities enter the “new normal”, prices will increase due to demand-pull factors. The recovery in global supply chains, however, has not been as strong as expected, pushing up prices in many economies based on cost-push factors. The soaring cost of transportation, especially by sea, has triggered a sharp increase in the price of many goods and services. Another shock has been the Russia-Ukraine conflict. Looking at the groups of goods representing a large proportion of the basket for calculating the CPI, such as food, housing, and travel expenses, it will be possible to control inflation in Vietnam.