Data ministry to release daily price updates ahead of Chuseok
Korea's data ministry said Thursday it will release daily updates on the prices of major food items and fuel to help the government monitor price changes in real time and respond in a timely manner. The Ministry of Data and Statistics said it will release the figures from Thursday through Sept. 23 for 36 items, including apples, pears, eggs, flour and gasoline. The move comes as the country…
The Korea data ministry announced on Thursday its intention to provide daily price updates on key food and fuel items, aiming to assist in real-time monitoring of price fluctuations and prompt governmental response. The Ministry of Data and Statistics intends to release these figures from Thursday until September 23, covering 36 items such as apples, pears, eggs, flour, and gasoline.
This initiative coincides with the upcoming Chuseok holiday, Korea's Thanksgiving-like celebration, scheduled from September 24 to 27. Chuseok is traditionally observed through visits to ancestral hometowns, family gatherings, ancestral rites, and the preparation and consumption of specific foods.
The ministry will conduct both offline and online price surveys, with the collected information shared with pertinent ministries to enhance the efficacy of inflation control strategies. The comprehensive data obtained from this daily price research will serve as crucial foundational data for formulating effective consumer price policies for Chuseok-related items. Data Minister Ahn Hyung-jun emphasized this in his statement.
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- Data ministry to release daily price updates ahead of Chuseok en.yna.co.kr
- Data ministry to release daily price updates ahead of Chuseok koreatimes.co.kr
