consumer price Archives | Be Korea-savvy
S. Korean Economy Shows Signs of Deflation as Consumer Prices Decline

S. Korean Economy Shows Signs of Deflation as Consumer Prices Decline

SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s consumer price index declined for the very first time last month, a sign of deflation. Experts point out that declining consumer prices may become the so-called ‘new normal’ for South Korea. Statistics Korea reported that South Korea’s consumer prices reached a growth rate of 0.5 percent this [...]

Consumer Prices Poised to Hit Record Low Growth in 2019

Consumer Prices Poised to Hit Record Low Growth in 2019

SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s consumer price growth is anticipated to hit a record low level this year due mainly to declines in prices of agricultural and petroleum products, market watchers said Sunday. South Korea’s consumer prices inched up 0.5 percent over the January-August period, marking the lowest figure since Statistics Korea [...]

Korea’s Household Doesn’t Reap Benefits of Economic Growth

Korea’s Household Doesn’t Reap Benefits of Economic Growth

SEOUL, Korea, Sep 16 (Korea Bizwire) – We are seeing so many comments by the world’s famous economists and top market analysts that the Korean economy is doing so well. The Wall Street Journal said on August 28, “Korea is the winner amid the emerging market turmoil.” JPMorgan chief economist Michael Feroli also said on September [...]