Seoul, July 7 (IANS) South Korea will revise items included in the consumer price index basket in a regular reshuffle, reflecting the latest trends by adding subscriptions and smartwatch-related costs, with details set to be announced in December, the statistics agency said on Tuesday.The Ministry of Data and Statistics said it will carry out the restructuring of items included in the consumer price survey, with the latest round of adjustments focusing on reflecting consumers’ spending patterns …
Latest Ministry of Data and Statistics News & Updates
Seoul, July 2 (IANS) South Korea’s consumer prices rose more than 3 per cent from a year earlier for two straight months in June, reflecting the lingering impact of the Middle East war on supply chains and oil prices, data showed on Thursday.Consumer prices, a key gauge of inflation, increased 3.2 percent last month from a year earlier, according to data from the Ministry of Data and Statistics. It marked the sharpest increase since December 2023, when the figure was at the same level.Prices of …
Seoul, June 30 (IANS) South Korea’s industrial output fell in May from a month earlier due mainly to a decline in chip production caused by a base effect and volume adjustments, data showed on Tuesday, while retail sales rebounded slightly over the period.Industrial production fell 0.3 percent last month from April, according to data from the Ministry of Data and Statistics, extending on-month losses for two consecutive months, reports Yonhap news agency.Output in the mining and manufacturing se…
Seoul, June 24 (IANS) The number of babies born in South Korea shot up 18 per cent in April from a year earlier, reaching the highest level in seven years, government data showed on Wednesday. A total of 24,521 babies were born in April, up from 20,787 a year earlier, according to data from South Korea’s Ministry of Data and Statistics. It marked the highest figure for any April since 26,104 babies were recorded in 2019.Over the January-April period, the total number of births came to 99,534, al…
Seoul, June 24 (IANS) The number of South Koreans relocating to new regions fell 1.5 per cent in May from a year earlier to the lowest level in 52 years, data showed Wednesday, amid a recent decline in housing supply. Around 466,000 people changed residences in May, down 7,000 from a year earlier, according to data from South Korea’s Ministry of Data and Statistics. It marked the lowest figure for any May month since 415,000 tallied in 1974.The population mobility rate — which refers to the num…
Seoul, June 1 (IANS) South Korea’s aviation sector output fell at the sharpest pace in 52 months in April, mainly due to a spike in fuel surcharges stemming from the prolonged Middle East conflict, government data showed on Monday.The production index for the aviation sector stood at 468.5 in April, down 13.5 percent from a month earlier, according to data released by the Ministry of Data and Statistics.It marked the largest on-month decline since December 2021, when the index dropped 14.2 perce…
Seoul, May 29 (IANS) South Korea’s industrial output lost ground in April from a month earlier, data showed on Friday, with retail sales and facility investment sliding amid economic uncertainties stemming from tensions in the Middle East.Industrial production fell 0.6 percent last month from March, according to data from the Ministry of Data and Statistics, reports Yonhap news agency.Output in the mining and manufacturing sector, a key pillar of the economy, shed 0.7 percent from the previous m…
Seoul, May 22 (IANS) South Korean stocks opened slightly higher on Friday following the previous session’s sharp rise, tracking overnight gains on Wall Street amid rising hopes for a diplomatic resolution to the conflict between the United States and Iran.After starting 0.74 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) trimmed earlier gains to edge up 2.71 points, or 0.03 percent, to 7,818,3 as of 9:15 a.m.Overnight, U.S. stocks advanced after Iran said the latest prop…
Seoul, May 6 (IANS) South Korea’s consumer prices rose at the fastest pace in 21 months in April, driven by soaring fuel costs amid the Middle East conflict, government data showed on Wednesday.Consumer prices, a key gauge of inflation, increased 2.6 percent from a year earlier last month, according to the data from the Ministry of Data and Statistics. It marks the largest on-year increase since July 2024, when inflation climbed 2.6 percent, reports Yonhap news agency.The latest rise was driven …
Seoul, May 4 (IANS) Sales of Hyundai Motor and Kia vehicles in the United States fell slightly from a year earlier, while numbers for hybrid vehicles rose to a new monthly high, the automaker said on Monday.The South Korean automakers sold a combined 159,216 vehicles in the key American market in April, down 2.1 percent on-year, according to the companies.Hyundai Motor sold 86,513 units, down 1.5 percent from the previous year, reports Yonhap news agency.Its luxury vehicle brand Genesis sold 6,3…