Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Citi: South Korea's oil price cap may reduce March inflation by 0.1 percentage points

Citi: South Korea's oil price cap may reduce March inflation by 0.1 percentage points

金十金十2026/03/13 03:13
Show original
Golden Ten Data reported on March 13 that Jin-Wook Kim, an economist at Citigroup, stated that South Korea's oil product price cap could lower overall consumer inflation in March by 0.1 percentage points year-on-year to 2.2%. To cushion the impact of soaring energy costs caused by escalating conflicts with Iran, Seoul has imposed caps on gasoline, diesel, and kerosene prices for the first time in nearly thirty years. Kim expects the inflation rate in 2026 to be 2.3%—still above the central bank's 2% target—as this measure can only temporarily ease the surge in retail oil prices. Previously, South Korea's Ministry of Trade, Industry and Energy lowered wholesale fuel prices under the so-called "maximum price system," which will be reviewed every two weeks.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!