The government has increased subsidies for green onions and plans to lower tariffs to expand vegetable imports.
Consumer prices in the entertainment and culture sector rose 4.3 percent on year in February, the highest jump since December 2008, according to data by Statistics Korea on Tuesday.
A screen in Hana Bank's trading room shows the Kospi closing at 2,399.25 points on Wednesday, up 26.85 points, or 1.13 percent, from the previous trading day.
Inflation is hitting Koreans where it really hurts. At the restaurants. At the laundry. And at the barber.
Korea's producer prices bounced back in September following the first downturn in about two years a month earlier, as high energy and farming bills drove up costs, central bank data showed Friday.
The consumer price index for July rose over 6 percent, the highest in 23 years and eight months. The rise of petroleum products has slowed due to the drop in oil prices, but the consumer price index rose as the price for services such as...
The increasing costs of wheat, oil and corn around the world are ringing alarm bells in Korea. The consumer price index for foods is on the rise, due to the nation's reliance on imported grain for processed food products. The price of ...
What has been feared all along has become a reality. Prices have shot up while the government indulged itself in casual optimism. The consumer price index soared 3.2 percent year on year in October, the highest in nine years and...
An unprecedented synchronized spike in energy prices is causing an inflationary scare around the world ahead of the winter peak season. The price of the West Texas Intermediate, the American standard crude, leapt to near $78 per...
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