Inflation rate to be kept at between 3.59-3.91% in 2020

The Deputy PM made the remark at a meeting on December 25 with the Steering Committee on Price Management.

According to the forecasts of the Ministry of Finance, the Consumer Price Index (CPI) is estimated to rise 2.73% this year. Key reasons to the increase are the adjustments to the prices of food, catering service, beverage, transport, tourism, fuel, medical services, building materials and especially the sharp rise in the price of pork.

Deputy PM Hue said the inflation rate in 2019 is the lowest for the recent three years (3.54% in 2018 and 3.53% in 2017). It is also lower than the forecast of the Steering Committee on Price Management, which put CPI rise at between 3.3-3.9%.