Different factors have driven rising prices in two countries, increasing likelihood of economic slowdown
South Korean inflation has been far lower than the U.S. for much of the past 18 months, but it’s now starting to catch up, hitting 5.4% in the month of May.
While inflation in the U.S. has resulted from a post-pandemic uptick in demand, South Korea (as well as the Eurozone) is struggling with inflation due to external supply chain issues and price increases connected to the war in Ukraine.
South Korean inflation has been far lower than the U.S. for much of the past 18 months, but it’s now starting to catch up, hitting 5.4% in the month of May.
While inflation in the U.S. has resulted from a post-pandemic uptick in demand, South Korea (as well as the Eurozone) is struggling with inflation due to external supply chain issues and price increases connected to the war in Ukraine.
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