Customer 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./.
The Consumer Price Index (CPI) of November increased by 0.96 percent compared to last month, the highest growth for November’s CPI in the last nine years.
The November consumer price index (CPI) in the northern province of Bac Ninh rose 1.37 percent from the previous month, the highest increase so far this year.
Vietnam recorded a year-on-year increase of 2.79 percent in the consumer price index (CPI) in 2019, the lowest level in the past three years, the General Statistics Office (GSO) said on December 27.
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Customer purchases pork at a market in the northern province of Bac Ninh (Photo: VNA) 
