October Gwangju Inflation Rate 3.5%... Highest in 9 Years and 10 Months

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The consumer price inflation rate in the Gwangju area showed the highest level in 9 years and 10 months.

According to the 'Consumer Price Trends' announced by the Honam Regional Statistics Office on the 2nd, the consumer price index for October was 108.62 (2015=100), an increase of 3.5% compared to last year.

This is the highest figure since December 2011 (4.2%).

The consumer price inflation rate was in the 2% range from April to June, then remained in the 3% range since July.

It mainly rose in sectors such as telecommunications (13.3%), transportation (11.0%), household goods and household services (3.7%),

food and accommodation (3.6%), housing, water, electricity, and fuel (2.1%), education (2.1%), other goods and services (1.9%), food and non-alcoholic beverages (1.5%), and recreation and culture (1.0%).

By item characteristics, agricultural, livestock, and fishery products rose by 0.6%, industrial products by 4.4%, and electricity, water, and gas by 1.0% respectively.

Among services, rent increased by 1.0%, public services by 6.8%, and personal services by 2.6%.

The living cost index, an auxiliary indicator explaining the perceived inflation rate, rose by 5.3%.

The fresh food index, which is compiled from 50 items with large seasonal price fluctuations, fell by 5.6%.

This content was produced with the assistance of AI translation services.