consumer price index rose 2.6% in August compared to the same month a year ago, recording an increase of 2% for the fifth month in a row. Although the government declared that prices would be stable in the second half of the year, not only agricultural, livestock, and fishery products but also oil and rent rose sharply, leading to inflation, and there are many factors that will stimulate inflation in the future.
Reporter Jeong Da-eun reports.
<Reporter> In the
traditional market in Gangseo-gu, Seoul, there are few customers visiting the egg shop.
[Seo Hyun-sook/Operating an egg shop: The price is a bit low so that it is not burdensome to eat a lot at home, but I have gone up to 8,000, 9,000, and 10,000 won for a single egg.] The
Consumer Price Index in August was the same as last year. It increased by 2.6%.
It recorded an increase of 2% for the fifth consecutive month since April.
As egg, pork and watermelon prices rose by double digits, agricultural, livestock and fishery products rose 7.8%, and petroleum products also rose by more than 20%, raising overall prices.
The government's promise that prices would be stable in the second half of the year by June was wrong.
The problem is that there are many factors that will stimulate inflation in the future.
International oil prices that have raised inflation and livestock and fishery product prices are still strong, and variables such as Chuseok holiday demand, the autumn rainy season, and typhoons are also factors of anxiety.
[Seo Ji-yong/Professor of Business Administration, Sangmyung University: Korea is no exception because inflationary pressures are rising all over the world. Because the prices of raw materials and various agricultural products remain high... .] The
11 trillion won in disaster aid to be paid from this month can also stimulate inflation.
Last year, when the national disaster relief fund was paid, the price of beef and pork and the price of eating out went up, but something similar could happen this time as well.
(Video editing: Kim Seon-tak, VJ: Park Hyun-woo)Keywords: