Tag: consumer price

consumer price

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Theborn Korea to raise prices across brands as budget chains feel squeeze

The operator of popular budget-friendly restaurants and coffee shops is hiking prices on certain menu items, but the sector remains mindful of consumer sentiment amid a persistently weak won.

2026.6.8

Consumers shop for groceries at a local supermarket in Seoul on May 28. [YONHAP]

Consumer prices jump 3.1% in May on soaring fuel prices

Korea's consumer prices rose more than 3 percent in May from a year earlier amid global energy price volatility following the Iran war, data showed Tuesday.

2026.6.2

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The Ministry of Finance and Economy office inside the government complex in Sejong on Jan. 6 [YONHAP]

Gov't to introduce emergency tariff-rate quota, release stockpiles to stabilize prices amid Middle East conflict

The government plans to introduce emergency tariff-rate quota programs and release government stockpiles as part of its all-out efforts to address growing concerns over consumer price hikes stemming from the Middle East crisis.

2026.5.14

Oil prices are on display at a gas station in Seoul on May 4. [NEWS1]

Consumer prices rise at fastest pace in 21 months in April on soaring fuel prices

Consumer prices rose at the fastest pace in 21 months in April, driven by soaring fuel costs, government data showed on Wednesday.

2026.5.6

People shop at a supermarket in New York, the United States, on April 10. Earlier on Friday, the U.S. Bureau of Labor Statistics reported that the consumer price index in March rose 0.9 percent month on month and 3.3 percent year on year, with most of the increase coming from the surge in energy prices. [Xinhua/YONHAP]

U.S. consumer prices soar in March on wartime fuel cost surge

U.S. consumer prices increased by the most in nearly four years in March as the war with Iran led to a record surge in the cost of gasoline and diesel.

2026.4.11

A shopper browses for groceries at a large supermarket in Seoul on Oct. 16. [NEWS1]

Consumer coupons not the cause for inflation: Finance ministry

Consumer prices in Korea rose 2.4 percent in October from a year earlier — the fastest pace in 15 months — driven by higher costs for food and lodging. The government rejected claims that its consumer coupons contributed to the rise.

2025.11.4

You say tomato, I say expensive

Tomatoes are displayed at Cheongnyangni Market in Dongdaemun District, eastern Seoul. With scorching temperatures gripping Korea, tomato prices are heating up, too, reflecting the toll extreme weather takes on agriculture.

2025.8.3

Customers shop at a Lotte Mart in Seoul on Sunday. [YONHAP]

Korea’s consumer prices hit lowest rate in nearly four years in October

Korea's consumer prices slowed to the lowest level in nearly four years in October, staying below 2 percent for the second consecutive month, data showed Tuesday.

2024.11.5

People shop at a major discount chain store in Seoul on March 29, 2024. [YONHAP]

Korean consumer prices jump 3.1% in March as fruit, produce costs stay high

Korea’s inflation grew more than 3 percent for the second straight month in March, largely driven by an increase in agricultural products.

2024.4.2

Fruit is displayed at a marketplace in Seoul on Jan. 21. [YONHAP]

Consumer sentiment bucks optimistic trend in March

Consumer sentiment in the country declined in March after a three-month streak on the back of soaring food prices and depressed private spending.

2024.3.26