Many parts of the world including Korea are going through the process of stealth inflation. We understand what has caused this.
According to Yonhap News, “Korea’s consumer prices rise 2.9 percent overall in 2010, 3.5 percent in December.”
From Yonhap News:
South Korea will redouble efforts to keep prices in check in an effort to prevent inflationary pressure from building up and help the livelihood of low-income and ordinary people, officials said Wednesday.
Freezes on college tuition and other public service fees are among measures being discussed as part of the government drive to stabilize prices, according to the officials.
http://english.yonhapnews.co.kr/business/2011/01/05/0502000000AEN20110105004600320.HTML
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