photo = Yonhap News
The National Statistical Office announced on the 4th that the consumer price index in January recorded 105.30 (2020 = 100), an increase of 3.7% from the same month last year.
It is the fifth month since October of last year that the price level recorded 3%. Consumer price inflation recorded 3.2% in October last year, 3.8% in November and 3.7% in December. In January, it increased by 3.6% compared to the same month of the previous year.
Statistics Korea explained, “Industrial products, services, livestock and fishery products, electricity, gas, and water all rose, up 3.7 percent overall.”
Correspondent Kim So-hyun [email protected]
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