Electricity price hike predicted By Bich Diep | dtinews.vn If the inflation rate is kept stable electricity prices may increase by 15% this year, said the National Financial Supervisory Commission (NFSC).
In their report, the NFSC said that, though the CPI in June has risen by 0.05% so far, it is relatively stable. The prices of home appliances and construction materials are on the decline while the cost for medicine and medical services and education continue to be high. "If the cost of medicine, medical supplies and treatment as well as educational services did not show an increase. Also, the inflation rate may reduce," according to the report. In the last six months of the year, the global prices for commodities is forecast remain stable and consumption will gradually increase. If nothing major is changed, the NFSC remarked, inflation in Vietnam could be expected to be only 5%; lower than government's goal of 6-6.5%. The report said that if the electricity price were to be raised by 1%, the CPI would increase by 0.07%. Based on these calculations, electricity prices could reasonably be raised by 10-15%. |
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