<Anchor> This
is a friendly economic time.
Reporter Han Ji-yeon is also here today (the 16th).
Yesterday, the KOSPI finally fell below 2,700.
<Reporter>
Yes, it fell for the third day and fell to 2,600 in nine trading days.
It closed at 2,676.54, down 1% from the previous trading day.
The reason the stock market fluctuated like this was because today was the D-Day that Russia was invading Ukraine.
But overnight, Russia has announced that it is withdrawing some of its troops, and a new phase is taking place.
The New York Stock Exchange also rebounded for the first time in four days.
As concerns over Russia's possible invasion of Ukraine have largely subsided, it has soared 1-2% from the battlefield to close.
However, the rest of the Russian army is training in each region as planned, and the West, including the United States, has not yet lifted its borders.
<Anchor>
Due to the current crisis in Ukraine and before that, the international oil price has risen a lot because supply could not keep up with demand.
Are you saying that our import prices have risen a lot because international oil prices have risen?
<Reporter>
Yes, last month, the import price index turned upward for the first time in three months, rising 4.1% from the previous month.
It is up 30% from January last year.
The index itself is the highest in nine years and three months.
Dubai crude jumped 52% year-on-year.
Compared to the previous month, it is up 14%.
Among intermediate goods, coal and petroleum products jumped the most at 54% compared to the same month last year.
Corn also jumped 32%.
It seems that the rise in import prices will continue in the future, while international oil prices have continued to rise due to the Ukraine crisis.
Yesterday, New York oil prices broke through $95 a barrel, the highest in seven years.
However, due to the easing of tensions in Ukraine overnight, it fell nearly 4% today to close at $92.07.
However, as positive oil producers continue to fall short of their production targets, New York oil prices are expected to rise to $105 a barrel in the medium term.
Raw material prices are also on the rise.
The futures price of cacao beans, a raw material for chocolate, jumped 8.4% this year alone, reaching the highest price in a year.
The price of Arabica beans also increased by 10% this year.
Also, sugar prices are at their highest in four years.
Soybean prices are approaching last year's highs.
In addition, the won-dollar exchange rate fluctuates around 1,200 won.
Import prices could rise further.
<Anchor>
There really doesn't seem to be anything that doesn't go up.
If the price of imports continues to rise like this, what is now known as consumer price, which we are experiencing, will inevitably rise as well, right?
<Reporter>
Yes, when raw material prices rise, this is reflected in the price of food service and rises again.
Since the end of last year, the prices of chicken, hamburgers, and coffee have been rising.
Starting with Domino's Pizza, the number one in the industry, raising the price of 10 pizzas by 1,000 won, other pizza franchises are also raising prices by 1,000 to 2,000 won.
The price of eating out last month rose 5.5% from the same month of the previous year, the highest in 13 years.
If the rise in raw material costs is the same as it is now, food prices could jump even more this month.
The characteristic of eating out prices is that once they rise, it is difficult to fall again, which affects annual prices.
<Anchor>
They say that if the price of oil rises like this, and the international oil price rises like this, it will lead to another economic downturn.
At the same time, there seems to be a voice of concern that a bad situation called stagflation could be created.
Lastly, let's talk a little bit about the Olympics today.
If you win a gold, silver or bronze medal, the state gives you a reward.
It seems that this is different for each country, but what about it?
Who gives the most?
<Reporter>
Yes, according to CNBC, an American economic broadcaster, the country that gives the most bounty is Singapore.
If you win a gold medal, you will get 737,000 dollars, or 880 million won in Korean money.
The gold medal reward for American athletes is $37,500, which is more than 19 times that.
The silver medal is also paid at $369,000, which is about half of the gold medal.
The bronze medal is worth $184,000, which is half of the silver medal.
After Singapore, Kazakhstan, Malaysia, Italy, the Philippines, and Hungary give the most in that order.
After I saw this, I immediately looked up the Olympic rankings.
But the government has no choice but to bet so much, not only Singapore, but also Kazakhstan and Malaysia now do not have a single medal.
Of these, two and one gold medal were awarded in Italy and Hungary, respectively, and the players received more than 200 million won in prize money.
South Korea pays 63 million won for a gold medal.
The silver medal is worth 35 million won and the bronze medal is 25 million won.