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Fears grow about more price rises

Update: March, 09/2012 - 10:51

 

Customers are shopping at the Phu Tho Co.op Mart supermarket. Many supermarket owners have been advised by providers that wholesale prices will soon rise again.— VNA/VNS Photo Thanh Vu
HCM CITY — The prices of many kinds of goods are expected to increase from the middle or end of this month, according to supermarkets in HCM City.

Several supermarket chains including Co.opMart and Maximark say they have received announcements about price increases from many producers and providers, Lao Dong (Labour) reports.

Currently, the supermarkets are offering discounts on many products to boost sales on the occasion of International Women's Day, and they will apply new prices when their inventory is sold out.

The price increase this time would focus mainly on cosmetics, consumer goods and powdered milk, they said.

Among cosmetic products, fabric softener, shampoo, shower cream and detergents will have the highest increase in prices of 5-10 per cent.

A Maximark representative said some producers were attributing the increases on higher cost of raw materials and other input costs, but in most cases, they had launched new products with higher prices.

This way, consumers would not realise the increase in prices very soon, he said.

Apart from cosmetics, the prices of some powdered milk products have also increased.

According to Co.opmart, the distributor of the Dumex brand powdered milk has raised product prices by 5-10 per cent, starting this month.

Nutifood brand milk will cost 5 per cent more starting from the middle of this month.

Most catering services providers in HCM City, from common shops to restaurants had raised their prices during the Tet holiday, and have continued to maintain the new prices up since. — VNS

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