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Regain price stability

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14.08.2022

Devastating floods make people's lives harder

One of the most daunting tasks Korea faces now is how to tame runaway inflation. The Yoon Suk-yeol administration needs to do all it can to regain price stability, particularly ahead of Chuseok, the autumn harvest holiday set for Sept. 9 to 12. It cannot keep its promise to improve people's lives without easing mounting inflationary pressure effectively.

Last week's record rainfall has made matters worse. Prices of farm products such as cabbages and onions are going up sharply. The inflationary trend is likely to continue until after Chuseok, one of the nation's two largest holidays. The poor and underprivileged are forced to bear the brunt of huge flood........

© The Korea Times


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