Promote the implementation of price management solutions and control inflation

Nghe An Provincial People's Committee assigned the Department of Finance to preside over and coordinate with agencies, units and localities to proactively organize the implementation of contents according to the requirements and instructions of the Ministry of Finance. In case of exceeding authority, report to the Provincial People's Committee for consideration and direction.

Previously, the Ministry of Finance issued Official Dispatch No. 5079/BTC-QLG to ministries, branches and localities on promoting the implementation of price management and operation.inflation control.

Faced with the upward trend in prices of some raw materials, fuels and strategic materials in the world market, causing pressure on the domestic market price level and the inflation control target, implementing the direction of Deputy Prime Minister Le Minh Khai - Head of the Steering Committee for Price Management, in order to continue to promote the implementation of price management and inflation control according to the targets set by the National Assembly and the Government in 2022, the Ministry of Finance requests ministries, branches and localities to continue to pay attention to and promote the implementation of price management and operation in the coming time.

The supply of essential consumer goods, food and provisions remains abundant. Photo: Thu Huyen

Accordingly, continue to implement a proactive and flexible monetary policy in close coordination with fiscal policy and other macroeconomic policies to control inflation according to the set targets. For prices of some items on the list of State-determined prices, the sector management ministries proactively coordinate with the Ministry of Finance, the Ministry of Planning and Investment (General Statistics Office) to review and calculate price options, assess the impact on the socio-economy and inflation control targets, and report to the Government, the Prime Minister, the Deputy Prime Minister - Head of the Steering Committee for Price Management on appropriate management measures.

The Ministry of Finance requested ministries, branches and localities to closely monitor developments in the world economy, general inflation, and price developments.fuel itemsand strategic materials to promptly take specific measures to manage domestic production, regulate and balance the supply and demand of domestically produced goods and appropriate export and import goods, creating conditions for price management and operation to control domestic inflation. In case of major price fluctuations, based on the provisions of the Law on Prices, propose and organize the implementation of appropriate price stabilization measures.

Ministries, sectors and localities shall strengthen inspection and supervision of the implementation of price declaration and posting measures; publicize price information; inspect compliance with price laws; strictly handle cases of speculation, hoarding and unreasonable price increases; promptly handle violations, taking advantage of market fluctuations to unreasonably increase prices, and cases of spreading false information causing market and price instability.

In addition, the Ministry of Finance requested ministries, branches and localities to fully, promptly, objectively and transparently disseminate information on prices of goods and services, especially important materials related to production and people's lives to stabilize consumer psychology and control expected inflation./.