Rising food and energy prices lead to an increase in inflation
- 123
- Business
- 10:10 20/04/2022
DNHN - Consumer prices are expected to rise to their highest level since December 1981 in March because of higher food prices, rising rents, and rising energy prices.
According to Dow Jones, the consumer price index (CPI) is due today (April 12), and experts anticipate a monthly rise of 1.1 per cent and an annual increase of 8.4 per cent.

In February, the economy grew by 0.8 per cent, or 7.9 per cent year on year, the most since early 1982. Moody's Analytics' top economist, Mark Zandi, stated: “Things are only going to get worse from here”.
The crisis between Russia and Ukraine, increasing oil costs, China's real lockdowns, interruptions to supply chains, employment shortages, and a slew of other factors have all contributed to excessive inflation. We are dealing with worldwide supply disruptions.
It is difficult to prevent significant inflation. According to the forecast, core inflation, which excludes food and energy, is predicted to rise further, similar to February, with a year-on-year gain of 6.6 per cent, up from 6.4 per cent.
Dow Jones & Company.
The good news is that it seems that this will be the peak due to oil prices, said Diane Swonk, Grant Thornton's senior economist.
Oil prices increased quickly after Russia invaded Ukraine in late February, hitting a high of $130.50 per barrel for West Texas Intermediate oil, a commodity regarded as a benchmark in oil prices, at the start of March.
On Monday, the price decreased to roughly $94 per barrel (April 11)."The Fed worries that inflation is shifting from commodities to services, and used vehicle prices are going to increase again," Diane Swonk, chief economist at Grant Thornton said.
“Supply chain issues aren't going away. They are deteriorating”.
Based on fundamentals alone, experts believe inflation will peak this month or next. The CPI, according to Zandi, will fall to 4.9 per cent by the end of the year. There is a good chance that the Federal Reserve will tighten its policy very hard to stop the fastest inflation rate in four decades.
According to Tom Simons, money market economist at Jefferies, the Fed is projected to hike rates by 50 basis points at its May 3 meeting, and "CPI shouldn't alter that. “According to Simons, energy costs in the CPI are likely to jump 18% in March.”
“The first half of March was particularly harsh after the Russian invasion. Food costs are a similar but not identical scenario. Housing will once again be a significant concern," he predicted. He anticipates that rentals, or the cost of a house in terms of CPI, will rise by around 0.5 per cent, with rents rising by 0.6 per cent month on month.
Bao Bao
Related news
- Clean energy must be protected by transparent, stable, and consistent policies
- European-standard ingredients: Inspiring culinary journeys from the heart of the kitchen
- The foundational mark of pioneers in renewable energy amidst an evolving legal framework
- Taste of Queensland: Strengthening Vietnam–Queensland Partnerships through Culinary Diplomacy
- The power of journalism in “upholding the right and eliminating the wrong”
- LAMORI – The Spirit of Lam Kinh in Every Breath
- “Lithuanian President’s visit opens a new chapter in bilateral cooperation with Vietnam”
- List of Vietnam’s 25 Best Workplaces 2025
- Vietnamese Ambassador to the Federal Republic of Germany, H.E. Mr. Nguyen Dac Thanh, Meets with German Business Leaders in Vietnam
- Hodeco and 54 forge strategic partnership to evelate golf Integrated real-estate
- International sports events – a strategic boost for regional economies and tourism in Vietnam
- Halal market potential – The key to business success
- ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
- Dong Thap Business Club in Ho Chi Minh City launches support fund to accompany enterprises
- Women entrepreneurs in the Era of National Advancement
- The move of a Chinese businesswoman into Vietnam’s snack market
- The Đại Dũng Group: A 30-Year journey of developing a sustainable value chain
- Rediscovering connection – a journey of discovery at LAMORI
- ShopeeFood and Grab dominate Vietnam’s food delivery market
- The ambitions of major enterprises in 2025
Đọc thêm Business
European-standard ingredients: Inspiring culinary journeys from the heart of the kitchen
The EU Good Food – Good Life campaign, funded by the European Union, has enriched the variety of EU-standard food ingredient options available in the Vietnamese market.
Taste of Queensland: Strengthening Vietnam–Queensland Partnerships through Culinary Diplomacy
Against the elegant backdrop of the “Taste of Queensland” networking dinner, government officials, business leaders, and investors from Vietnam and the Australian state of Queensland gathered to celebrate and advance a thriving bilateral relationship
“Lithuanian President’s visit opens a new chapter in bilateral cooperation with Vietnam”
This assessment was shared by Mr. Arunas Karlonas, Commercial Affairs Counsellor of the Lithuanian Embassy, regarding the potential cooperation between the two countries following the recent official visit of the Lithuanian President to Vietnam.
Vietnamese Ambassador to the Federal Republic of Germany, H.E. Mr. Nguyen Dac Thanh, Meets with German Business Leaders in Vietnam
This event holds special significance as Vietnam and Germany jointly commemorate the 50th anniversary of diplomatic relations, a partnership built on trust, mutual respect, and comprehensive cooperation.
Hodeco and 54 forge strategic partnership to evelate golf Integrated real-estate
Ho Chi Minh City, May 22, 2025 – As it prepares to celebrate its 35th anniversary, Ba Ria - Vung Tau House Development Joint Stock Company (Hodeco) has officially signed a strategic partnership with 54, a global sports and entertainment agency.
Business Networking at the Mastercard Golf – Vikki Invitational 2025
Nearly 200 Vietnamese entrepreneurs gathered in the United States as part of an investment promotion program combined with cultural and sports exchange, organized by HDBank in Miami in April 2025.
Halal market potential – The key to business success
Recently, IWEC organized the second edition of its Business Coffee program with the theme "Halal Market Potential – The Key to Business Success," attracting a large number of participating enterprises.
Dong Thap Business Club in Ho Chi Minh City launches support fund to accompany enterprises
More than 150 Dong Thap entrepreneurs in Ho Chi Minh City gathered at Van Hien University to foster business connections, expand cooperation, share practical experiences, and stay updated on current business trends.
Khai Hung corporation signs Strategic Cooperation Agreement with Japanese partners
Signing a cooperation agreement with reputable Japanese partners is a strategic move, demonstrating Khai Hung Corp’s proactive approach in capturing market trends, accessing advanced technology, and leveraging international expertise.
Women entrepreneurs in the Era of National Advancement
The economic forum "Women Entrepreneurs in the Era of National Advancement" aims to honor the role of female leaders, promote collaboration, and connect the business community.