Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases.
The high CPI increase in the first half of the year will challenge the regulation of goods and service prices in the remaining months of the year, experts say.
The common retail power price is expected to be applied at the beginning of next year together with the current tiered pricing mechanism, said Deputy Minister of Industry and Trade Do Thang Hai.
Despite the six-year high for the consumer price index in the first seven months, Vietnam is expected to be able to bring the inflation under control this year due to weak demand for production and consumption, in addition to decreased demand in the global markets.
