Retail in Asia

In Markets

Gas price hike means other price increases

Just one day after the petrol price in Vietnam increased by 800 dong per litre to 16,300 dong on November 20, food retailers in markets have raised prices.

Meanwhile, retailers said that the dollar price increase has pushed imported food prices up by 7-10 percent and cosmetics products have also increased by 5-17 percent. Although the increases haven’t yet reached the supermarket shelves it is feared they are not far behind.