Essential goods prices are racing to increase, people cut spending to stay in the city

Some essential commodities such as rice and electricity have had their prices adjusted up over the past year. Electricity prices have even increased twice in 2023, from VND1,864.44/kWh to VND2,006.79/kWh (excluding VAT).

Although it has been maintained quite stable, the retail price of rice has also increased. In January 2023, the price of non-glutinous rice was 12,500 VND/kg, and Nang Nhen rice was 20,000 VND/kg. However, by December 2023, non-glutinous rice increased by 1,500 VND/kg, while Nang Nhen rice increased by 6,000 VND/kg.

Not only essential goods, in the past year, the price of gold - one of the familiar investment channels of people - also recorded a "dizzying" price increase. From the beginning of January 2023 to December 27, 2023, this precious metal increased in price to 13.25 million VND/tael for buying and increased 13.05 million VND/tael for selling.

Source: https://laodong.vn/emagazine/hang-thiet-yeu-dua-nhau-len-gia-nguoi-dan-cat-giam-chi-tieu-de-tru-lai-tp-1284134.ldo