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Low-income Groups Bear Higher Inflation Burden than High-income Class in COVID-19 Era

Low-income Groups Bear Higher Inflation Burden than High-income Class in COVID-19 Era

SEOUL, March 23 (Korea Bizwire) — Those in low-income groups are bearing a relatively higher inflation burden than those with higher incomes in the era of the COVID-19 pandemic, a local research institute said. The Korea Economic Research Institute (KERI) analyzed the change in prices felt by consumers for the periods of 2018-2019 and 2020-2021. [...]

S. Korea to Monitor Prices of Farm Products Ahead of Lunar New Year Holiday

S. Korea to Monitor Prices of Farm Products Ahead of Lunar New Year Holiday

SEOUL, Dec. 12 (Korea Bizwire) — South Korea plans to closely monitor prices of major agricultural, livestock and fishery goods starting next week in a bid to help stabilize inflationary pressure ahead of the Lunar New Year holiday, a senior government official said Friday. The government will monitor the price movements of 17 items that [...]

S. Korea Logs First Drop in Inflation in September, Boosts Odds of Rate Cut

S. Korea Logs First Drop in Inflation in September, Boosts Odds of Rate Cut

SEJONG, Oct. 1 (Korea Bizwire) — South Korea’s headline inflation dropped for the first time in September due to a decline in farm goods and weak demand, the statistics agency said Tuesday, the latest in a series of data backing an additional rate cut for Asia’s fourth-largest economy. South Korea’s consumer prices fell 0.4 percent [...]

Uptrend in Food Prices Forecast to Ease After Presidential Poll

Uptrend in Food Prices Forecast to Ease After Presidential Poll

SEOUL, May 11 (Korea Bizwire) – South Korean food makers are likely to refrain from jacking up their prices following the inauguration of the new government, leading to a let-up in the recent uptrend, analysts said Thursday.  The upbeat prediction comes as the Moon Jae-in government is widely predicted to rein in rising food prices [...]