SEOUL, March 26 — South Korea’s consumer sentiment dropped sharply in March on growing worries about higher produce prices, a central bank survey showed today, as inflation...
‘Trust me, bro’: Saifuddin Nasution tells Malaysians to have faith in him after years of confidence deficit with Home MinistrySouth Korea’s consumer inflation accelerated in February, after three months of easing, due to supply-side pressures, mostly from higher agricultural prices.
Inflation expectations among consumers for the next 12 months rose for the first time in five months, to 3.2 per cent from 3.0 per cent, according to the survey, with two-thirds of the respondents saying produce prices would drive inflation.South Korea’s consumer inflation accelerated in February, after three months of easing, due to supply-side pressures, mostly from higher agricultural prices.
South Koreans go to the polls to elect the 300-member parliament and Yoon’s conservative People Power Party is in an uphill battle to win back a majority now held by the opposition. Opposition party members and consumer groups criticised Yoon for being out of touch, when the same product is normally sold at more than 4,000 won.
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