Statistics Korea Announces August Consumer Price Trends,
Following the SIM card hacking incident in April, SK Telecom resumed new subscriber operations fully on the 24th. After 51 days since the hacking incident, SK Telecom saw subscriber losses to KT and LG Uplus, with 190,000 and 150,000 subscribers, respectively, leaving. The photo shows an SK Telecom agency in Seoul. 2025.06.24 By Reporter Dongju Yoon.,
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, ‘In August, the consumer price index returned to the 1% range for the first time in three months. Due to a temporary reduction in phone charges, the smallest growth in nine months was recorded.’,
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, “According to ‘August 2025 Consumer Price Trends’ announced by Statistics Korea on the 2nd, last month’s consumer price index rose by 1.7% compared to the same month last year. Having remained in the 2% range from January, consumer prices fell to 1.9% in May and maintained the 2% range for two consecutive months in June (2.2%) and July (2.1%).”,
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, ‘The drop in consumer price growth to 1% was largely influenced by a 21.0% reduction in phone charges compared to the previous year. Due to the large-scale hacking incident at SK Telecom leading to subscriber attrition, telecom fees were cut by 50%. This reduction in phone charges decreased the overall inflation rate by 0.42 percentage points.’,
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, ‘Agricultural, livestock, and marine products jumped 4.8% compared to a year ago. This is the largest rise in 13 months since July last year (5.5%). Processed goods rose by 4.2% compared to the previous year. The processed goods price has maintained a 4% growth rate, following 4.1% in the previous month.’,
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, ‘The fresh food index increased by 2.1%. After continuing a negative trend since February (-1.4%) until July (-0.5%), it turned positive. Fresh fish and shellfish increased significantly by 8.0% compared to the same month last year. Fresh vegetables rose by 0.9%, and fresh fruits by 0.1%. Compared to the previous month, the rise in fresh vegetables showed a 19.3% increase.’,
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, ‘Excluding food and energy, the index rose by 1.3% compared to the previous year. Excluding agricultural and petroleum products, the index increased by 1.9% compared to the same month last year. The living necessity price index rose 1.5% compared to the previous year. Petroleum products decreased by 1.2% compared to the same month last year.’,
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, ‘Electricity, gas, and water prices rose 0.3% compared to the previous year. Overall service prices increased by 1.3% year-on-year. Personal services went up by 3.1%, whereas public services fell by -3.6%.’,
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, ‘According to the OECD core inflation index that excludes food and energy, it increased by 1.3%. This is a significant reduction compared to the previous month (2.0%).’,
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