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In this year, prices of goods skyrocket after Tet. Especially, in April consumption index at big cities of Ho Chi Minh and Ha Noi is at over 3%. Local people must live flexibly with price storm whilst waiting for inflation control measures from Government.

Goods prices flying away

At present, price of pork has increased over VND10,000 per kg whilst egg price jumps to 500-700 per ten. Besides, gas cooking price is at over VND350,000 per canister. The price hike has made customers shock. Even, without update of price, customers will be backward rapidly.

Price stability at supermarkets

 

Customers have tightened their belt amid price storm.

  Amid price hike, local customers flock to supermarkets to hunt for discount products. Owing to goods reserve, supermarkets have a slower price hike than outdoor markets. Le Hong Phuong, vice director of Vinatex Binh Duong, said supermarkets are also retailers and suffer pressure on price hike. However, to stabilize selling price, supermarkets take advantage of preferential capital sources from the State budget to purchase and reserve commodities.

Meanwhile, Vo Huu Thach, director of Coopmart Binh Duong, said from the middle of April prices of food, cosmetics, milk, household utensils… were adjusted to surge 10-15%. However, to share difficulties with customers and lure more clients, the mart has launched promotion programs.

Hundreds of ways for living with price storm

Local customers have tightened their belt to encounter price storm. Customers have presently showed their vigilance for promotional products and only selected essential goods for them.

Mrs. K, a worker, said ‘Instead of having breakfasts at eateries as usual, she and her roommates decide to enjoy their breakfasts at their home’. 

Not only poor people worry about the price storm, but companies have to face the situation. Tran My Han, director of My Han trade-service-production Ltd., said ‘I always encourage workers to minimize error products and to strengthen energy thrift in order to decrease products’ price’.

Reported by T.Thao – Translated by A.C