Deputy Prime Minister Le Minh Khai asked for an “earlier forecast” of the prices of essential commodities such as petrol, transportation, healthcare and price management with textbooks.
At the meeting on price management on the afternoon of June 13, representatives of the ministries and sectors acknowledged that inflation pressure has been very high over the past time and the risk of year-end inflation is present.
According to the Ministry of Finance, over the same period, the average CPI in the first 5 months of 2022 increased by 2.25% over the same period; Core inflation in the first 5 months of 2022 increased by 1.1% compared to the beginning of the year.
CPI increased mainly due to petrol prices. 13 price adjustments of this item since the beginning of the year, of which 6 price increases (as of the end of May) made CPI increase 1.8 percentage points.
From the afternoon of June 13, each liter of gasoline has increased to a new record, exceeding 32,000 VND. Recognizing that the pressure of petrol and oil continues to increase, affecting many services and goods in the country, Deputy Prime Minister Le Minh Khai said that price management will be very difficult, so ministries and branches need to carefully evaluate the situation. figure for the solution.
He requested to operate and use the fund to stabilize petrol prices flexibly; have scenarios to ensure supply and reserve import plans when necessary; control and strictly handle smuggling of petroleum across the border and taking advantage of goods hoarding and raising prices.
At the survey of VnExpress With more than 17,600 readers at the beginning of March – when the price of gasoline was close to 30,000 VND per liter, 32% of respondents said they would switch to electric vehicles, 28% to bicycles and only 9% to use transportation. public communication.
With the price of textbooks, Mr. Khai also suggested that the Ministry of Education, Training and Finance have a solution to stabilize and manage the price of this item in accordance with reality, ensuring that “all students have access to textbooks”. at a fair price”.
Earlier, at the session of questioning Finance Minister Ho Duc Phuc, many National Assembly deputies raised the issue that the price of textbooks was too high, used for a year and then discarded, causing waste for parents of students. Mr. Phuc said that the two ministries of Finance and Education & Training will take measures to stabilize this item.
The consequence of the increase in the prices of essential commodities is high inflation expectations, affecting the overall inflation target of the economy. Concerned about this, Deputy Prime Minister Le Minh Khai asked the State Bank to coordinate with the Ministry of Finance in operating flexible monetary and fiscal policies, controlling inflation expectations.
With a number of essential items “closer” to people’s lives, Mr. Khai suggested closely monitoring market developments, in order to “forecast earlier”, take flexible management measures to ensure supply and demand.
Only goods and services that are priced by the state, the Deputy Prime Minister noted, “with great consideration”, a detailed impact assessment, and a report to the competent authority, are only allowed to increase prices. With self-valuated products, if there are abnormalities, they must be checked for timely rectification.