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+ The Covid-19 pandemic was under control, restaurants, food shops and
schools reopened, the prices of gas, gasoline and petroleum oil continued to
rise, leading to a high increase in production costs, causing an average rise of

4.37% in the price of family eating out compared to that in the same period last
year.

+ The prices of beverages, cigarette, apparel and clothing experienced a
sharp increase during Tet Lunar holiday and summer vacation due to a rise in
the demands for consumption and shopping. On average, in 12 months of2022,

the price indices of these groups expanded by about 3.66% and 2.14%,
respectively compared to that in the same period last year.

- Factors for reduction in CPI in 12 months of2022

+ The pork price fell by 10.70% against the same period last year, thanks
to the abundant supply of pork in the province, the unchanged demand of
consumer causing the significant reduction in the price. The drop in the prices

of pork also resulted in the shrinkage of the processing products such as lard
(7,82%) organ meat (6.47%) against the same period last year.

+ In order to proactively respond to challenges and the pressure on rising
inflation, the province well implemented solutions to price stability, assurance
of the commodity supply and demand balance, formation of optimal supply

chains, synchronous development of the distribution system; effective market
control to handle and prevent the scarcity of commodity, price hike, price
fluctuations, etc, which contributed to price stabilization, inflation curb, the
stable CPI of the province under 4% to minimize the negative impacts on

socio-economic development in the province.

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