Consumer prices in November rose 5 percent year-on-year. According to Statistics Korea on Friday, last month’s consumer prices saw the slowest increase since April.
Getting hitched is getting increasingly unpopular in Korea, with only 50 percent of those surveyed saying marriage is a must. According to a report released by Statistics Korea, 43.2 percent of people surveyed said that marriage is unnecessary.
Average household monthly income in the third quarter was 4.87 million won, up 3 percent from the same quarter a year earlier. Within the transfer income category, income subsidized by the government dropped 26.1 percent.
In October, total employment was up 677,000 to 28.4 million. It was the 20th consecutive monthly increase.
Core inflation, which excludes agricultural and energy prices, was 4.8 percent, the highest since February 2009.
The number of households in the capital city of Seoul is expected to gradually decrease starting in 2030, data showed Thursday, as more people move to other areas in search of affordable housing.
Korea's industrial output fell in August for a second month in a row, data showed Friday, amid weakening growth momentum over deepening external uncertainties.
Food prices in Korea have risen so much this year that a single gimbap roll now costs more than 3,000 won ($2.17), an increase of 11.5 percent from a year earlier.
The rise was smaller than in the last two months and the first decline compared to the previous month since January. However, restaurant prices grew 8.8 percent, the steepest year-on-year hike since October 1992.
This is slowed from the previous month 6.3 percent increase largely due to slowing growth of petroleum good prices.