Understanding inflation in North Korea: Demand-pull and cost-push dynamics in a self-reliant economy

Understanding inflation in North Korea: Demand-pull and cost-push dynamics in a self-reliant economy

North Korea’s economy is experiencing a period of acute instability, characterized by rising consumer prices, currency depreciation, and increasing policy uncertainty. Inflation in particular has emerged as one of the most pressing challenges facing the regime, not only because it erodes real household incomes but also because it undermines the informal markets (jangmadang) that have sustained… Source