Inflation rate of 0.1% to support communication costs … Rent increased more in 2 years (2 steps in total)

Mobile phone charges 21.7% ↓… The biggest drop since 1996 related statistics were prepared.

13.3% of agricultural and marine products ↑ … The aftermath of the anxiety in the prices of agricultural and livestock products due to a strong contingency

(Sejong = Yonhap News) Reporter Bo-bae Kwak Min-seo Su-yeon = Last month, the rate of increase in consumer prices fell to a level close to 0% in one month.

The communication cost of 20,000 won, backed by the government as the fourth additional budget bill, lowered the overall rate of consumer price increase.

However, since the telecom cost support was performed only once, the prices are expected to gradually enter normal orbit starting next month.

According to the consumer price trend of the National Statistics Office on October 3, the consumer price index for October was 105.61 (2015 = 100), 0.1% more than in the same month last year .

This is the smallest increase since June (0.0%). The rate of increase in consumer prices remained in the 0% range in June-August this year and rose to 1.0% in September, but fell again last month.

By category, products rose 1.3% year-on-year.

In particular, as a consequence of a torrential downpour last summer, agricultural and marine products increased by 13.3%. Vegetables rose 20.2% and agricultural products 18.7%. Onions (70.7%), chives (53.5%), tomatoes (49.9%), apples (49.4%) and red pepper powder (21.4%) increased the increase .

Livestock products rose 7.5% and prices of seafood products rose 5.6%.

As international oil prices fell, industrial products fell 1.0%. Petroleum products fell 14.0% and processed foods increased slightly 1.4%. Electricity, water and gas also fell 4.0% from the previous year.

Services fell 0.8%, the largest decrease since October 1999 (-0.9%). This is because public services fell 6.6% due to government support for communication expenses and strengthened support for secondary school payments.

Mobile phone rates fell 21.7%, the biggest drop since January 1996, when related statistics began. It was the most important factor driving the monthly inflation rate down from 1.0% in September to 0.1% in October.

High school payments also fell 74.4%.

Personal service grew 1.4%. Eating out increased 1.0% and eating out increased 1.7%, respectively.

Rent was up 0.5% from the previous year, the largest increase in two years since August 2018 (0.5%).

Jeonse (0.6%) increased the most since February (0.6%) last year. It has been on the rise for the sixth month since last May.

The monthly rent went up 0.3%.

By spending purpose, food and non-alcoholic beverages increased 8.2% due to the continued demand for ‘food for the home’ due to Corona 19.

On the other hand, alcohol and cigarettes (-0.1%), household and cleaning services (-0.2%) and entertainment and culture (-0.5%) fell.

The ‘Agricultural Products and Oil Exclusion Index’ (root price), which was created to understand long-term trends, excluding seasonal factors or fluctuations in inflation due to temporary shocks, increased by 0.1% compared to last year.

The ‘Food and Energy Exclusion Index’, which is the basis of the Organization for Economic Cooperation and Development (OECD) standard, fell 0.3%, registering the largest drop since September 1999 (-0.4%).

Ahn Hyeong-jun, an economic trends statistics officer at the Bureau of Statistics, said, “The communication spending support of 20,000 won contributed to the slowdown in the overall rate of consumer price increase.”

The Science and Technology Ministry said: “Amid mounting pressure in November due to normalization of communication costs, the development of a new coronavirus infection (Corona 19) will act as an important variable going forward.” (From November 1 to 15), etc. it can be a factor to the decrease of inflation “, he analyzed.

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2020/11/03 10:11 Sent