Prices stable, CPI slightly increased

At Bac Kan Winmart supermarkets, goods are abundant with stable prices after Tet.

With the control of state management agencies and stimulus programs of enterprises, total retail sales and service revenue both grew positively. However, some factors such as high gold prices and changes in transportation fares are still issues to monitor in the following months.

According to data from the Bac Kan Department of Finance, the Consumer Price Index (CPI) in March 2025 increased by only 0.01% compared to the previous month. Overall, in the first quarter of 2025, the CPI increased by 1.94% compared to December 2024 and increased by 1.66% compared to the same period last year. In particular, some commodity groups had notable fluctuations: Medicines and medical services increased sharply by 17.99%; the transportation group decreased by 5.23%, mainly due to the cooling of world oil prices; the gold price index skyrocketed by 38.14%, reflecting the general trend of the domestic and international gold market.

Thanks to stimulus programs and high consumer demand during the Lunar New Year, total retail sales of goods in the province are estimated at VND2,172 billion, up 23% over the same period last year. Sectors with strong growth include: Accommodation and food services reaching VND710.29 billion, up 65.78%; other consumer services up 17.89%. Attracting tourists to Bac Kan through festivals and cultural events at the beginning of the year also contributed to boosting revenue in this sector.

The essential goods market in the first quarter did not have major fluctuations, but some notable items were: Rice prices decreased slightly, with regular paddy remaining at 9,750 VND/kg; pork prices decreased by about 2,500 - 5,000 VND/kg due to abundant supply; Ha Bac urea prices increased slightly, to 650,000 VND/bag (50kg); construction material prices were stable.

It is forecasted that in the second quarter of 2025, the Bac Kan market will continue to be stable, but it is necessary to closely monitor the prices of essential goods, especially food, foodstuffs and gasoline. Therefore, price control measures are still being implemented by functional units, such as strengthening inspection and examination of price listing and declaration activities; supporting the stabilization of essential goods during peak periods; controlling the gold and foreign currency markets against speculation.../.

Source: https://backan.gov.vn/Pages/thi-truong-bac-kan-quy-i2025-gia-ca-on-dinh-cpi-tang-nhe-96fe.aspx