<Anchor>
Consumer prices rose more than 4% last month.
4% in 10 years.
In response, the government is focusing on lowering the price of fuel by lowering the rate of fuel tax cuts.
Correspondent Jo Ki-ho covered it.
<Reporter>
The consumer price index rose 4.1% in March.
According to the National Statistical Office, the consumer price index rose by 4.1 percent last month compared to the same month last year.
It is the first time in 10 years and 3 months since December 2011 when the inflation rate rose to 4.2%.
The major cause of inflation was industrial products such as petroleum.
Petroleum rose 31.2%, the highest since November last year, 35.5%.
This is the aftermath of a surge in international oil prices due to the Ukraine crisis.
Personal services also rose by 4.4% and public services by 0.6%, and among personal services, eating out jumped sharply at 6.6%.
In the midst of this, the government announced that it would lower the level of fuel tax cuts than before for the people suffering from high oil prices.
The plan is to expand the cut, which was previously 20%, to the legal limit of 30%.
With this fuel tax cut, gasoline is reduced by 82 won per liter and diesel by 58 won.
The implementation period is from next month to July.
In addition, we have prepared a response plan for the logistics industry, which is experiencing difficulties due to the soaring price of diesel.
Deputy Prime Minister Hong Nam-ki explained that he would temporarily provide subsidies linked to diesel oil prices for three months for commercial trucks, buses, and coastal cargo ships.