[Photo] Concerns Over 6% Inflation If Electricity Rates Increase

On the 19th, when the announcement on the electricity rate hike was imminent, an electric meter installed in a residential area in Seoul was seen. As prices of major daily necessities and energy soar across the board, and even public utility fees such as electricity, water, and gas are rising, these have become key factors driving rapid inflation, deepening concerns for inflation authorities. If the government accepts Korea Electric Power Corporation's request for an electricity rate increase, there are concerns that the consumer price inflation rate, which has already recorded the mid-5% range, could exceed 6%./Reporter Kim Hyun-min kimhyun81@

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