According to the statistics Department (Ministry of Finance), CPI in March 3225 decreased by 0.03% compared to the previous month. The reason is due to petrol and oil prices, rice prices decreased according to world prices. The reduction of CPI in March pulled the average CPI of the first quarter only increased by 3.22% over the same period, lower than the increase of 3.27% of the first 2 months of the year.
Also according to the report of the Statistical Department, within the decrease of 0.03% of March 3.2025 compared to the previous month, there were 3 groups of goods and services with a decrease price index and 8 groups of goods with rising price index. 3 groups of goods and services have a decrease price index including the traffic group; Food and catering and drinking and cigarette groups and cigarettes.
In the first quarter of 2025, market prices are still well controlled, the macro economy is guaranteed. In the average CPI increase in the first quarter of 2025, it is noteworthy that the Price Index of food and beverage services increased by 3.78%, contributing to the overall CPI increasing by 1.27 percentage points.
In this group of goods, the price index of pork group increased by 12.49%, affecting the overall CPI to increase by 0.42 percentage points. This is an issue to note.
According to the Statistics Office, the main factors that could put pressure on prices to increase in 2025 include: fluctuations in world oil, gas and energy prices, affecting domestic production and consumption costs; adjusting prices of state-managed goods such as electricity, healthcare, vocational education and public universities; price of live pigs may increase due to the African swine fever epidemic, causing livestock farmers to be afraid of re-herding.
Another factor is that the more vibrant production and business activities thanks to the disbursement of public investment capital and stimulation of consumption... will also put pressure on prices.
Basic inflation in March, in March25, increased by 0.25% compared to the previous month and increased by 3.1% over the same period last year. On the first quarter of the first quarter of 2025, the basic inflation increased by 3.01% over the same period last year, lower than the average CPI (up 3.22%) mainly due to food, food, daily -life, medical service prices are the factors of CPI increasing but belonging to the product group deducted in the list of basic inflation calculations.
Speaking with Lao Dong, Director of the Statistics Office Nguyen Thi Huong said that in order to control inflation in 2025 to achieve the set target, the Government, ministries, branches and localities closely monitor price and inflation developments in the world. Therefore, promptly warn of risks affecting prices and inflation in Vietnam to take appropriate response measures to ensure supply and stabilize domestic prices.
Ensure smooth supply, circulation and distribution of goods and services, especially strategic items that are likely to be affected by global supply chain disruptions and geopolitical tensions.
At the same time, according to Ms. Huong, ministries, branches and localities need to closely monitor the price movements of essential goods (food, food, pork, gasoline, gas...) to have appropriate management solutions and proactively prepare goods sources for the holidays to limit price increases. At the same time, it is necessary to have measures to control, stabilize prices, strictly handle violations, avoid unreasonable price increases and spread of false information that causes market instability.
In addition, it is necessary to decide on the appropriate level and time of price adjustment for State-managed services to avoid causing a resonance of cost-push inflation, creating expected inflation for the economy. Flexibly and synchronously operate monetary policy tools to control inflation according to set goals, while contributing to supporting the removal of difficulties in production and business and people's lives.
