Surging North Korean inflation exposes the costs of major economic changes

Surging North Korean inflation exposes the costs of major economic changes

Available evidence indicates that North Korea has experienced a dramatic spike in inflation over the past year, a development underscoring major changes in the country’s economy since the pandemic. Data from inside the country shows that the value of forex against the DPRK won (KPW) has ballooned since Sept. 2024, while food prices have doubled […]