Vietnam strives to keep CPI growth low by end of 2021

Bich Phuong Wednesday | 08/18/2021 08:29

Photo: VOV

Vietnam looks to maintain Consumer Price Index (CPI) growth lower than 1% a month during the last quarter of this year.

The target was decided to keep inflation under the 4% target for the year, according to a recent meeting between Deputy Prime Minister Le Minh Khai and the National Pricing Management Committee.

The committee said keeping the figure lower than 4% by the end of the year is important so the country can have a good start to 2022, especially in light of Vietnam's dual-target strategy of achieving COVID-19 containment and economic development simultaneously.

CPI, however, has always been tricky during this time of the year as the market will likely experience surges in demand for certain commodities during the end of the year.

This has been made more challenging a task since the fourth outbreak of the novel coronavirus, which started in late April and until now has not been put completely under control.

CPI for the first seven months of 2021 has increased by 1.64% compared to the same period last year.

Source: VOV