Monday, 24 March 2008


Inflation has hit Korea, and it has done so in a big way. Since arriving here, prices have mostly been stable all the way.

That was until about two weeks ago.
I now have to pay 2500 won to dry-clean my work trousers, up from 2000 won for a 25% increase. The Tuna Kimbab that used to be 2000 won is now 2200 won, and where I used to get four Golden Fishee Breads for 1000, I now pay the same price for three.

Why, might you ask, is all this happening? Partly due to the oil price, partly the bad exchange rate and largely because he price of rice has gone up, which means everyone has to may more for their staple food.

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