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April Consumer Price Increase 0.1% Wavelength
Last month, the expansion of free education for prices had a big impact.
Increased demand for home cooked food prices for seafood and livestock products ↑
Expert “The low price will continue for now.
We need to work hard to increase employment and increase income.
Ministry of Information and Technology.
The biggest concern about last month’s consumer price rises again to 0% because the price is a barometer that measures economic vitality. In particular, the source price is called the “economic thermometer”, but it has the lowest rate of increase since the Asian financial crisis, and fear of deflation is approaching. The economy is expected to recover depending on the amount of inflation that will open this month, which is expected to open due to the conversion of internal defense.
According to the National Statistical Office on 4, last month’s inflation rate was largely influenced by lower secondary school payments by 64.0% as free education in secondary schools expanded from 3rd to 2nd grade. As a result, the price of public services was -1.6%, and the general inflation rate fell 0.3 percentage points, analyzed the National Statistics Office. Oil prices fell 6.7% due to falling international oil prices, lowering the overall price by 0.28 percentage points. The price of industrial products, including oil, fell 0.7%, but the price of passenger cars fell 1 ~ 3% due to the reduction of the individual consumption tax.
Eating out of prices increased only 0.8% despite the beginning of the year, when prices increased. Since last January (0.9%), it has increased to 0% for the fourth consecutive month. It is the first time from May 2012 to February 2013 that food prices have remained at the 0% level for a long time. Passenger car rental rates (-16.0%) and hotel accommodation costs (-6.8%) also decreased dramatically.
Hyung-Jun Ahn, Deputy Director for Economic Trends Statistics, Korea Statistics, explained: “As the consumption pattern changed to Corona 19, it affected the price of food and travel.” On the other hand, with crown 19, the demand for food at home increased, and fish and livestock products increased 8.1% and 3.5% respectively. Processed food prices increased 1.3% amid growing demand for rice.
Professor Kim Jeong-sik, professor of economics at Yonsei University, said: “Deflation, which is a negative price, is unlikely to continue to exist for the time being, as consumption is expected to survive this month. We have to do everything possible to make use of the demand. ” The Ministry of Strategy and Finance predicted that through reference materials on this day, “in the future, consumer prices are expected to play an important role in the flow of international oil prices, depending on consumption conditions. internal according to Corona 19 and whether oil-producing countries reduce production. “
The Bank of Korea also analyzed on this day, “In recent consumer price trends,” our country showed a small increase in commodity prices because there were no daily needs in Corona 19. Last month, the rate of Eurozone consumer price growth was 0.4%, a slight decline from March (0.7%), but Han Eun analyzed that the price of groceries rose 3.6% due to stock build-up . Han said: “Comparing our country with other important countries, in addition to common factors such as falling oil prices and the slowdown in the global economy, it seems that the difference in the degree of spread of the crown and the corresponding containment measures prices have affected “.
Reporter Sejong Lim Joohyung [email protected]
Reporter Hong In-ki, Seoul [email protected]
