As economic storms rage worldwide, Vietnam's Deputy PM Le Minh Khai marshals forces to monitor price swings and deploy flexible strategies to rein in inflation within the 4-4.5% target for 2024.
The recent surge in domestic gasoline prices, propelled by global fuel market trends, has emerged as the primary catalyst behind the uptick in Vietnam's Consumer Price Index (CPI) for April 2024.
Ms. Nguyen Thu Oanh, Director of the Department of Price Statistics at the General Statistics Office, said that despite pressure and difficulties in the global context, Vietnam’s CPI was under control in the first eight months of the year, at 2.58 per cent, which eases pressure on input costs. Underlying impacts, however, remain.
The Ho Chi Minh City Statistics Office has released a report on the city’s socio-economic situation in August and the first eight months of 2022. August was the first month this year that the city’s CPI fell, by 0.31 per cent, though it rose compared to August last year and since last December. It fell mainly due to lower fuel prices.