S. Korea to set up task force to put rising prices under control
The South Korean government will set up a task force to focus on price controls for key food items, such as milk and coffee, in response to the recent spike in food prices, officials said Sunday.
Under the TF, government officials will be responsible for monitoring the prices of each of the seven price-sensitive food items to keep a close eye on their prices, according to the Ministry of Agriculture, Food and Rural Affairs.
The items comprise instant noodles, bread, snacks, coffee, ice cream, sugar and milk.
"We will set up the TF after internal discussion and consultation with other related ministries and agencies," said an official from the agriculture ministry. "The TF is not a long-term organization, but a temporary one until prices stabilize."
The move is in line with the government's effort to put the high-flying prices of key food items under control.
According to data from Statistics Korea, the consumer prices index of ice cream vaulted 15.2 percent in October from a year ago, with milk and bread prices jumping 14.3 percent and 5.5 percent, respectively.
Prices of snacks, sweets and other frozen products rose by 10.6 percent on-year and those of coffee, tea and hot chocolate increased by 9.9 percent.
The country's overall consumer prices, a key gauge of inflation, rose 3.8 percent last month from a year earlier, with its on-year growth gaining pace for the third consecutive month.
In a ministerial-level meeting last week, Finance Minister Choo Kyung-ho vowed to put price stability as a top policy priority, saying vice ministers of each ministry will be responsible for ensuring it. (Yonhap)
(责任编辑:컴퓨터)
下一篇:S. Korea, AIIB discuss stronger partnership, new investment chances
- ·EcoPro seeks big leap as global battery materials maker
- ·Japan returns favor, flies Koreans out of Israel
- ·Four killed after fishing boat capsizes in S. Korea
- ·[Herald Review] Stray Kids perform new standard of '5
- ·Geopolitical risks hold back South Korea's credit rating upgrade:Fitch
- ·BTS’ Jungkook features The Kid Laroi’s new single 'Too Much’
- ·Employment in manufacturing sector in Q3 falls at fastest pace in 11 quarters
- ·[Herald Interview] Sustainability offers practical help to industries
- ·Hyundai Motor to halt Asan factory in Korea for EV factory construction
- ·Facing bedbug crisis, Koreans create online dashboards to track them
- ·46 countries, including S. Korea, US, join declaration on 'responsible' AI use
- ·Multicultural educator Min Byoung
- ·Van Cleef & Arpels touring exhibition brings sparkles to Seoul
- ·Seoul shares down amid possible US government shutdown woes
- ·Seoul hosts ICC seminar highlighting role of Asia
- ·한·미 북핵 대응 전략 10년 만에 다시 쓴다
- ·러 매체 “北 위성에 러시아 도움, 근거 없다…포탄 지원설도 마찬가지”
- ·‘Believer 2’ returns as 'midquel' with new characters, stronger plot
- ·YG’s new girl group Babymonster debuts with single 'Batter Up'
- ·19 S. Koreans held captive in Myanmar freed: ministry
- ·[Herald Interview] Inaugural meeting maps UNC 2.0 amid shifting security dynamics
- ·[Herald Interview] Inaugural meeting maps UNC 2.0 amid shifting security dynamics
- ·Female Nexon employee berates 'misandrist gesture' in MapleStory video
- ·홍익표, 조국 총선 출마설에 “조만간 뵙고 말씀 들을 것”
- ·Seoul mayor to consider street festivities for LG Twins' victory
- ·감사원, 文정부 소상공인 지원 실태 감사 착수
- ·[Herald Interview] Nam Woo
- ·Rising star pianists of three Asian countries join force for peace concert