Many commodities maintain stable prices last months

According to Price Management Department (Ministry of Finance), December is the last month of the year, when material demands are increasing, because businesses enhance production, storage for the New Year and Lunar New Year 2016. On the other hand, due to seasonal factors (cold weather), demands for some garments, headwear, footwear, household appliances… are increasing, affecting prices.

Despite of the pressure of price increase at year-end, in Dec, prices have been stabilized, due to some factors, like: some raw materials were forecasted to be rise, but domestic supplies are still plentiful. Besides, ministries, branches and localities have actively implemented market stabilization measures in last months; sale promotions, discounts are offered by many businesses, localities, contributing to curb the price pressure.

Some commodities are forecasted to have price increase, like: rice and fresh food. The reason is that market demands for these commodities are high at the present. Some goods maintaining stable prices are urea fertilizer, animal feed, milk, steel, cement ... Oil and gas prices are forecasted to surge…

Reported by K.T – Translated by Ngoc Huynh