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Electricity price should have been raised by 50pct instead of current 15pct

In the periodical meeting held by the government’s office in April, the minister of finance stated that it was hard to manage the prices in the current economic situation.

The fluctuation of the world prices has put much pressure in the price management methods for basic commodities.

However, the authorities will adjust the prices of these commodities following the roadmaps. For example, the electricity price should have been raised by 50 percent but has currently been adjusted to surge by 15.28 percent only. The prices for other commodities such as petroleum, coal will be adjusted on the similar principle.

The statistics released by the ministry of planning and investment showed that the consumer price index (CPI) in April increased by 3.32 percent month on month. In comparison with that of December 2010, the April CPI rose by 9.64 percent, while the average CPI in the first four months of this year surged by 13.95 percent against the same period last year.

Recently, the prime minister asked the ministries and relating departments to limit the inflation rate at 12-13 percent this year.

From VietNamBusiness

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