Core consumer inflation hits 21-year high
A separate survey has also showed that over 80 per cent of South Koreans say the cost of dining out has increased.
A separate survey has also showed that over 80 per cent of South Koreans say the cost of dining out has increased.
He also claimed that the current inflation is actually good for Bangladesh.
Amid the global inflationary pressure during the normalization process from the Covid-19 pandemic, Korea’s consumer prices marked record-making growth this year.
Five other major power utilities are also considering similar price hikes, in the face of deteriorating business performance due to surging fuel prices and the yen’s weakening.
Gas prices were hiked last June with everyone from gas stove users at homes to large factories having to pay a lot more.
Indonesia has so far been spared the much-faster increase in consumer prices experienced in many developed economies.
On Nov 1, major dairy firms will implement price hikes for milk and dairy products due to higher raw milk prices amid surging feed costs.
How the support was allocated and the considerations behind it matter. Aid was also given out in other countries, but there are important differences.
The Biden administration sees the price cap as a way to cut oil revenues for Russia while keeping the oil supply flowing and avoiding price spikes.
When stock and crypto markets were hot and borrowing costs were cheap, many younger South Koreans, dabbled in leveraged investing but are now suffering.