Tag: consumer price index

consumer price index

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Oil, poor harvest push Korea's June inflation rate up 3.2 percent

Consumer prices rose at their fastest pace in two and a half years as oil surged on the Iran war and food costs climbed.

2026.7.2

Visitors look at items at a traditional market in Seoul on Oct. 2. [YONHAP]

Gov't takes action as rising food prices aggravate inflation's pain

Rising food prices over the past five years have made inflation feel higher for consumers, prompting the government to step in with direct measures.

2025.10.8

Most popular

Napa cabbage is stocked at a supermarket in Seoul on July 22. [YONHAP]

Producer prices rise for first time in three months on agriculture, livestock spike

Korea’s producer prices rose in June for the first time in three months, driven by a jump in agricultural and livestock product prices, according to data released by the Bank of Korea (BOK).

2025.7.22

A parent and her child walk past a kindergarten in Gangnam District, southern Seoul, on April 7. [YONHAP]

Korea's education costs skyrocket to highest since global financial crisis

Education costs in Korea in March saw their biggest increase since 2009 during the global financial crisis, driven primarily by widespread university tuition hikes.

2025.4.7

A customer shops at a supermarket in central Seoul on March 5. [NEWS1]

Data say prices are stabilizing. Consumers beg to differ.

Data from Statistics Korea shows that the consumer price index has remained in the 2 percent range for three months, but consumers report that they still feel squeezed, especially on necessities.

2025.4.6

Green onion is sold at a Seoul supermarket in December. [YONHAP]

Government increases subsidies, slashes tariffs to stabilize food prices

The government has increased subsidies for green onions and plans to lower tariffs to expand vegetable imports.

2024.1.12

Consumer prices in entertainment and culture rose 4.3 percent on year in February, the biggest jump since December 2008, according to data from Statistics Korea on Tuesday. The growth was led by the price of overseas group tours. Travelers wait to go through departure procedures at Incheon International Airport Terminal 1 on Tuesday.

Strength in numbers

Consumer prices in the entertainment and culture sector rose 4.3 percent on year in February, the highest jump since December 2008, according to data by Statistics Korea on Tuesday.

2023.3.14

Stocks on the rise

A screen in Hana Bank's trading room shows the Kospi closing at 2,399.25 points on Wednesday, up 26.85 points, or 1.13 percent, from the previous trading day.

2022.12.14

Service-price inflation hits Koreans hard, and rises could last

Inflation is hitting Koreans where it really hurts. At the restaurants. At the laundry. And at the barber.

2022.11.15

A person shops for groceries at a discount mart in Seoul on Sept. 23. [YONHAP]

Producer prices bounce higher in September amid inflation woes

Korea's producer prices bounced back in September following the first downturn in about two years a month earlier, as high energy and farming bills drove up costs, central bank data showed Friday.

2022.10.21