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Inflation rate to be kept at between 3.59 – 3.91 percent in 2020

Deputy Prime Minister Vuong Dinh Hue said that the economic growth in 2019 is certain to exceed 7 percent, which is much higher than the inflation rate of around 2.7 - 2.8 percent.
Inflation rate to be kept at between 3.59 – 3.91 percent in 2020 ảnh 1Deputy Prime Minister Vuong Dinh Hue speaks at the event. (Photo: VNA)

Hanoi (VNA) - Deputy Prime Minister Vuong Dinh Hue said that the economic growth in 2019 is certain to exceed 7 percent, which is much higher than the inflation rate of around 2.7 - 2.8 percent.

TheDeputy PM madethe remark at a meeting on December25 with the Steering Committee on PriceManagement. 

According to the forecasts of the Ministry of Finance, the Consumer PriceIndex (CPI) is estimated to rise 2.73 percent 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 especiallythe sharp rise in the price of pork. 

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