<Anchor> For



today's (2nd) news, let's start with the economic story close to our lives.

These days, when shopping or going out to eat, it is often said that the price is very expensive. In fact, last month, the consumer price increase rate exceeded 3% for the first time in almost 10 years.

Oil prices soared, and so did the prices of meat and eggs, which are often on our tables.

There are many prospects that this trend could continue as the corona virus subsides and consumption increases.



First news, this is reporter Kim Jung-woo.



<Reporter>



Consumer prices rose 3.2% last month compared to the same month a year ago.



After maintaining the 2% range for 6 consecutive months from April of this year, it eventually exceeded 3%, the largest increase in 9 years and 9 months since January 2012.



In the aftermath of the rise in international oil prices, the price of petroleum products jumped by a whopping 27.3%.



The price of livestock products such as pork 12.2%, domestic beef 9.0%, and eggs 33.4% also jumped 13.3%.




In addition, the base effect of the telecommunication cost cut, which provided 20,000 won per person to 18 million people in October last year, raised overall prices.



Soaring prices are a blow to low-income households, especially low-income families.



[Mr. Jeong / Yongsan-gu, Seoul: I buy something at the market and eat it. (By the way) Vegetables are very high. It costs 9,000 won for a single egg, 10,000 won for a single egg.] In



fact, if you look at the inflation rate by income level from just before the

COVID-

19 crisis until recently, the 1st decile with the lowest income was 3.6%, 1 percentage point higher than the high-income quintile. It was close high.



The lower-income class spends more on food and fuel than the higher-income class, so the perceived price is higher.



[Yitaeyeol / Insurance Senior Research Fellow: When we say, 'Why I do not think prices are right a lot, now foodstuffs, (last) Continuing this part went up significantly in the second half kept whether it it felt to inflation pressures. -



November inflation also I'm anxious.



International oil prices continue to rise, and various measures to stimulate consumption in line with the gradual recovery of daily life may increase inflationary pressure.



[Park Sang-hyun / Researcher at Hi Investment & Securities: It is called a bottleneck in a situation in which demand itself is recovering to a large extent. Supply chain shortages, and the price pressure itself caused by these things is expanding.]



In addition to the global shortage of raw materials and parts, there are a number of external threats such as supply chain reorganization due to the conflict between the US and China.



(Video editing: Hwang Ji-young, VJ: Jung Min-goo)