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News 24h: 9 year old boy’s body found in lake after 1 day missing

Since the end of December 2021 until now, gasoline prices have risen sharply 7 times in a row and peaked at almost 30,000 VND/liter on 11/3. Thus, the prices of many essential goods such as food, gas and inputs for production increase.

In traditional markets in Hanoi such as My Dinh, Cau Giay, Nghia Tan, many foods continue to be “anchored” with high prices. In particular, cabbage increased from 7,000 to 18,000 VND/kg; Watercress from 10,000 – 15,000 VND/lot.

Other vegetables such as spinach, broccoli, went up 2,000 – 3,000 VND, currently priced at 8,000 – 10,000 VND / bunch. The price of pork, fish and shrimp has also increased slightly, now lean meat is 150,000 VND/kg, beef is 100,000 VND/kg, an increase of 10,000 VND compared to before. Whole feather chickens also increased by 10,000 VND/kg, with the selling price from 130,000 to 150,000 VND/kg.

News 24h: Body of 9 year old boy found in lake after 1 day amp;#34;missingamp;#34;  - 2

The prices of many essential goods have increased according to the fluctuations in the price of gasoline over time. (Photo: Thanh Phong)

According to Ms. Liem, a small trader at My Dinh market shared that, despite the many ups and downs, the rise in gasoline prices has made the business world “unbearable”. Specifically, business activities in traditional markets already have many intermediaries, coupled with the increase in fuel prices, making it very difficult to suppress prices.

“The day before, the price of gasoline went up, the next day traders immediately raised the price of meat and vegetables. However, we also dare not raise the price too high, only about 5-10% each item. What matters is the problem at ground level. If the price is too high, it is estimated that the amount sold will be reduced by 30-40%. On average, everyone goes to the market, they will buy about 7 kg to 1 kg of meat, but now it’s only about 4-5 ounces,” said Ms. Liem.

Not only food, recently retail gas prices have also increased by 3,500 – 4,000 VND/kg, equivalent to about 42,000 VND/12kg bottles. Accordingly, the maximum retail gas price to the consumer does not exceed 524,500 VND/12kg tank, 1,965,000 VND/45kg bottle, 2,184,500 VND/50kg bottle…

Gasoline and gas prices have led to an increase in many raw materials and other fuels, causing catering business owners difficulties due to high “team” costs. Mr Le Hoa, owner of a restaurant system in Duong Dinh Nghe (Hanoi), said that on average a facility uses around 10-15 12kg gas cylinders/month.

According to Mr. Hoa’s calculations, at current prices, the restaurant system should spend 7-10 million VND more for gasoline/month. In addition, a series of input and raw material costs have also continued to increase in recent years. Meanwhile, the outbreak of the Covid-19 epidemic caused a decrease in the number of subscribers, and revenues fell non-stop.

“Market prices are up but customers are few, so we have to keep lowering prices and promotions. About half a month ago, the number of infections rose sharply, even up to half the F0 staff, never succeeded. and as of now, the revenue from this system may be less than 50%”, Mr. Hoa shared.

Commenting on the above situation, economist Vu Vinh Phu, former director of the Hanoi Ministry of Commerce, said that it is inevitable that goods will increase according to gasoline prices. However, for vegetables and fruits, the price increase was also caused by unfavorable weather conditions in the past which led to a decrease in output.

“The way to say that commodity prices are “raining” with gasoline prices is only partly correct. The weather is gradually warming, vegetable production is increasing, and prices will be “softening” a little more. Another example is about pork, live pork costs at a similar rate. low, even continuing to decline, while retail prices are still “conservative”, so gasoline prices cannot be blamed at all.

The current solution that must be done immediately lies in the organization of the distribution system, bypassing the intermediate stage. Lowering the price of gasoline by reducing taxes and fees accounted for more than 40%, in addition, the organization and management of the market is very important. A price declaration is required for units that sell at too high a price, increase prices unreasonably and with sanctions,” said Vu Vinh Phu.

Central Bureau of Statistics data shows that the consumer price index (CPI) in February 2022 increased 1% compared to the previous month, 1.42% compared to the same period last year, and 1.2% compared to December 2021. According to this agency, the main cause of the increase in the consumer price index is the increase in gasoline prices in line with world fuel prices; Prices of food, groceries, eating out and prices for public transport services increase during the 2022 Tiger New Year.


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