Dollar-won 1,550in the won range, inflation burden grows, 5monthly CPI 3.1%
The dollar-won exchange rate has been rising while moving above and below the won level, and last month's consumer inflation rate recorded 1,550%.3.1There are observations that monthly inflation could rise further due to the impact of the exchange rate and high oil prices.6Monthly inflation could also rise further.
The dollar-won exchange rate has remained at a high level while moving above and below the won level.1,550The government and policymakers are showing a stance of strengthening their response to inflation. The range of exchange-rate fluctuations has expanded.
According to the National Data Office, last month's consumer inflation rate was 3.1%. This figure was 2024the largest increase since 3monthly. The statistical release serves as a basis for reviewing inflation trends.
In the market, 6there are projections that monthly consumer inflation could be higher. The rise in the exchange rate is acting as a factor driving up import prices. Price-increase pressures could grow for some items.
Pressure for higher oil prices is continuing as the conflict in the Middle East becomes protracted. Rising crude oil prices affect energy costs and transportation expenses. These higher costs may be reflected in consumer prices.
Signs of change are also emerging in dining-out prices, which had shown a stable trend. Improved consumption and rising costs are cited as factors driving larger increases in dining-out prices. Related indicators show that the rise in dining-out expenses has accelerated.
Policymakers are closely monitoring price trends, exchange rates, and oil prices. Authorities are continuing discussions on measures to address inflation. Markets are watching statistics and changes in international factors.
Sources: 연합인포맥스
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