Consumer price growth hits 24-year high in 2022

Eo Woon-seon, a senior official at Statistics Korea, holds a press conference at the government complex in Sejong, central South Korea, on Dec. 30, 2022, to announce South Korea's consumer prices grew at the fastest pace in more than two decades in 2022, as the country felt the pinch of soaring prices of raw materials and energy sources following the Russia-Ukraine war. Consumer prices rose 5.1 percent on-year in 2022, accelerating from a 2.5 percent gain in 2021, according to data compiled by Statistics Korea. (Yonhap)

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