Inflationary pressure grows on oil prices, heat wave, utility rates
EconomyJul 24, 2018
South Korea is expected to face growing inflationary pressure in the coming months due to rising oil prices, the fallout of a record heat wave and signals of public utility rate hikes, observers noted Tuesday.The key point at issue is whether inflation will rise as high as to near the 2 percent mark, in which case the central bank is likely to speed up its retrenchment timeline and possibly raise the policy rate within the year.The recent weather factors and the mounting signs of utility rate hi