Post-Tet price management strengthened

Ministry of Finance has sent an official dispatch to People's Committees of centrally governed cities, provinces to intensify the price management after Lunar New Year 2018. The official document stated that average CPI of the first two month 2018 rose 2.9%. To achieve the inflation control target with the average CPI in 2018 around 4%, Ministry of Finance proposed that People's Committees of centrally governed cities, provinces continue to drastically implement solutions proposed by the Government. No. 240 / QD-TTg on February 21, 2015, on urging tasks after Tet.

In particular, localities pay attention to direct Department of Finance and functional departments to continue to closely monitor the supply and demand, market prices, implement measures to ensure the balance of supply and demand to stabilize the market, especially essential commodities to meet consumption demands of the people so as to promptly direct and take measures to avoid the occurrence of unreasonable price increases destabilizing the market. In the first quarter of 2018, the prices of goods and services under the management of People's Council and People's Committee of centrally governed cities, provinces shall not be increased (medical examination, treatment, education and environmental sanitation services, car rental, tour, accommodation room, business premises in the market, commercial center ...).

Reported by P.V – Translated by Ngoc Huynh