Given the great pressure caused by domestic and external difficulties and challenges, Prime Minister Pham Minh Chinh has underlined the need to stay steadfast in the targets of firmly maintaining macro-economic stability, controlling inflation, boosting growth, and guaranteeing major balances of the economy.

It will not be easy to keep inflation at 4.5% this year as targeted, economic expert Nguyen Bich Lam, former General Director of the General Statistics Office (GSO), has said.

After many consecutive months of hitting record milestones, inflation rates in European Union (EU) countries have initially cooled down. The pressure has eased somewhat, but high prices are still a big risk, threatening to hinder the recovery and growth of the EU economy in 2023.

Vietnam recorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) while core inflation increased 2.59%, the General Statistics Office (GSO) said on December 29.

In a video message on the occasion of the year- end, President of the European Central Bank (ECB) Christine Lagarde spread the belief that the bank will succeed in its efforts to reduce the current high inflation.

The ruling People’s Power Party (PPP) and the opposing Democratic Party (DP) in the Republic of Korea (RoK) have reached an agreement on next year's budget draft after weeks of stalemate.

The consumer price index (CPI) posted year-on-year growth of 3.02% in the first eleven months of this year while core inflation rose 2.38%, the General Statistics Office (GSO) revealed on November 29.

When the wounds caused by the COVID-19 pandemic have not yet healed, the world economy has been continuously subjected to a series of shocks including inflation, energy crisis, supply disruptions, and the risks of public debt. These dark clouds are casting a shadow over the prospect of recovery and growth, of the world economy in the coming time.

Foreign experts have appreciated Vietnam’s economic governance policies to help well control the impact of imported inflation, given increasing inflation in many countries around the world.

Inflation in the Eurozone has hit a record. In the context that the US Federal Reserve (FED) has just raised interest rates, the old continent is likely to make the same move.

Inflation in Japan has risen for the 13th consecutive month, due to the weaker yen and higher energy prices, hitting households throughout the country.

The International Monetary Fund (IMF) warned that central banks must act decisively to bring inflation back to target levels, as this key economic indicator is now at its highest level in decades.

The inflation storm continues to be severe in the major economies of Southeast Asia and threatens the region's prospects for economic recovery following the COVID-19 pandemic.

The consumer price index (CPI) in August went up by a slight 0.005% against the previous month, thanks to sharp declines in fuel prices, according to the General Statistics Office.