The reported CPI only reflects 60-70 percent of the real situation, according to the former Chair of the Hanoi Supermarket Association Vu Vinh Phu.
The General Statistics Office (GSO) has reported that the CPI increased by 1.47 percent in the first half of the year compared with the same period last year, the lowest increase since 2016.
The figure has surprised many people, because local media have reported sharp price increases of many products recently.
According to GSO, there were some factors that inhibited the CPI growth in H1. The prices of food products decreased by 39 percent compared with H1 2020, which caused the general CPI to decrease by 0.08 percentage point.
The government launched support packages to help people and businesses hit by Covid-19, including an electricity bill support package, which caused the average household-consumed electricity price to decrease by 3.06 percent, and made the general CPI decrease by 0.1 percentage point.Tiếp tục đọc “CPI rises slowly as people run out of money”