Despite the soaring prices of input materials, including fuel and construction steel, inflation will be well controlled and stand at under 4% this year, said Nguyen Thu Oanh, director of the Price Statistics Department under the General Statistics Office.
The consumer price index (CPI) in January increased by 1.94% year-on-year, posing a potential surge in inflation in 2022, Oanh said, adding that during the first months of the year, the prices of goods in several countries soared, negatively impacting domestic prices.
However, with the Government’s experience in controlling inflation over the past many years and the effective collaboration between departments, agencies, cities and provinces, this year’s inflation will still be under control at under 4% as targeted by the National Assembly, according to Oanh.
- VNN-