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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 [...]

S. Korea’s Inflation Hits One-Year High in Nov.

S. Korea’s Inflation Hits One-Year High in Nov.

  SEJONG, Dec. 1 (Korea Bizwire) – South Korea’s consumer inflation inched up to a one-year high in November as a drop in oil prices slowed, a government report showed Tuesday, a positive development for Asia’s fourth-largest economy struggling to shake off deflation concerns. The country’s consumer price index gained 1 percent last month from [...]