Seoul (Urdu Point / Pakistan Point News / WAM – 02 April 2026 AD) South KoreaConsumer Prices rose 2.2 percent in He walks from A year ago, mainly due to the rise in global oil Prices resulting from prolonged tensions in middle east, government Data shown Thursday, Yonhap news The agency reported.
the readingwhich hovers above governmentThe 2 percent inflation target represents the largest year-on-year increase since then DecemberWhen the inflation rate reached 2.3 percent, according to the Ministry of Data and Statistics.
The recent rise was driven by a rise in… price Petroleum products, which jumped 9.9 percent from a year ago, representing the largest increase since then October 2022, when price It rose 10.3 percent year-on-year amid the war between Russia and Ukraine.
It is worth noting that diesel and gasoline prices jumped by 17 percent and 8 percent year-on-year, respectively.
worldwide oil Prices have risen sharply with the Strait of Hormuz effectively closed since the US-Israeli attacks Iran late February-Disable global oil Supplies. South Korea It relies heavily on energy imports.
Prices of agricultural, livestock and fishery products fell by 0.6 percent, mainly due to the sharp decline in prices of agricultural products, which fell by 5.6 percent year-on-year. The prices of animal and fishery products increased by 6.2% and 4.4%, respectively.
Service prices rose by 2.4 percent from A year ago, driven by higher insurance costs.
Core inflation, which does not include volatile inflation food The ministry said energy and power prices rose 2.2 percent year-on-year last month.