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On the afternoon of the 18th, citizens look at products such as vegetables in a large supermarket in central Seoul. News 1
The price of agricultural, forestry and fishery products rose sharply due to poor crop conditions, and the price of industrial products rose due to the increase in international oil prices, causing an increase in domestic producer prices for four consecutive months. In particular, prices for green onions, eggs and chicken skyrocketed, prompting an emergency at the table.
According to the ‘February Producer Price Index’ released by the Bank of Korea on 24, the producer price index last month was 105.85 (2015 price level = 100), 0.8% higher than The last month. Compared to February last year, it was up 2.0%.
The items with the highest increase were agricultural, forestry and fishery products and industrial products. In the case of agriculture, forestry and fisheries, the producer price index was 139.38, 3% more than the previous month and 18% more than the same month of the previous year.
In particular, compared to a year ago, the prices of items that are frequently on the table such as eggs (91.3%), chicken (33.3%) and rice (15.7%) have increased significantly. In the case of the pair, which is suffering a price increase as the word ‘technology’ has recently emerged, it has risen 42.4% compared to the previous month and a huge 341.8% compared to February of the year last. This means that green onion, which last year was about 1,000 won per unit, reached 4,420 won last month.
Kim Young-hwan, head of the inflation statistics team at the bureau of economic statistics, explained: “As shipments decreased due to the effects of bird flu (AI) and the cold snap, product prices agricultural, forestry and fishing increased.
Gasoline prices at gas stations across the country rose 17 weeks in a row. According to Orfinet, the national average gasoline sales price in the third week of March was 1,517.4 won per liter, 18.8 won more than last week. The photo shows gasoline prices at a gas station in Seoul on the 21st. Yunhap news
Given that international oil prices, which fell sharply due to Crown 19 last year, have risen again in recent years, prices for industrial products are not serious either. In one month, the prices of coal and petroleum products rose 7.2%, registering an uptrend for the fourth consecutive month, while chemicals rose 1.4% for the ninth month. Energy prices rose 2.5% month-on-month due to oil prices.
Producer prices for services rose 0.2% month-on-month for six consecutive months. As the number of air passengers increased, domestic air passenger prices rose 17.2%, while property management services (3.1%) and road freight transport (1.3%) increased prices.
Kwak Joo-hyun reporter [email protected]
News directly edited by Hankook Ilbo can also be viewed on Naver.
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