Published 3 years ago

[Opinion] Fears of rising inflation

Summary by Ground News

Consumer prices rose 2.6 percent last month year-on-year, the fourth consecutive month the index grew more than 2 percent. The price index of daily necessities, including food, clothing and housing, in particular, rose 3.4 percent, the fastest gain since 3.5 percent in August 2017. The Bank of Korea left its benchmark policy rate unchanged in July.

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The Korea Times

Fears of rising inflation

Concerns about inflation are gaining traction as the consumer price index continues to exceed the central bank's 2 percent inflation target. According to Statistics Korea, Tuesday, consumer prices rose 2.6 percent last month year-on-year, the fourth consecutive month the index grew more than 2 percent, prompting fears that people's livelihoods will be undermined further amid the COVID-19 pandemic.

3 years ago·Korea, Republic of

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