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Inflationary pressure could further rise on Russia-Ukraine tension: official
Inflationary pressure could further rise on Russia-Ukraine tension: official
EconomyJan 28, 2022
South Korea's consumer prices could be further under upward pressure as oil prices have spiked amid increased geopolitical tensions between Russia and Ukraine, a senior government official said Friday. The government will step up its monitoring of prices of petroleum products and consider whether to extend fuel tax cuts, depending on oil price movements, according to Vice First Finance Minister Lee Eog-weon. "A spike in oil prices, caused by Russia-Ukraine tensions and risks from oil prod