How SKT Data Breach Pushed Inflation up by 0.6 Percentage Point
5 Articles
5 Articles
How SKT data breach pushed inflation up by 0.6 percentage point
The fallout from SK Telecom's data breach last year has resurfaced in consumer inflation data a year later. In an unexpected twist, a 50 percent cut in mobile phone bills for more than 20 million subscribers at the time created a base effect that pushed up last month’s consumer inflation rate by nearly 0.6 percentage point, government data showed Wednesday. According to the Ministry of Data and Statistics, the consumer price index stood at 120.0…
(Sejong=Yonhap News) Reporters Lee Dae-hee and Kim Su-hyeon = The consumer price inflation rate rose back to the 3% range last month for the first time in two months.
Due to the underlying effect of SK Telecom's 50% reduction in mobile phone charges last year, the inflation rate rose again to 3% last month. Excluding underlying effects, the inflation rate was 2.5%, which was lower than the previous month, but the underlying price rose the most in 3 years, and the upward pressure on prices is still continuing. According to the “August Consumer Price Trend” published by the National Data Service on the 2nd, the…
[Digital Daily Reporter Kim Nam-gyu] Last month, the consumer price inflation rate rose back into the 3% range. The base effect resulting from telecommunication fee discounts last year played a significant role. The Bank of Korea predicted that the pace of price increases would slow somewhat in September as this effect dissipates. On the 2nd, the Bank of Korea held a ‘Price Situation Review Meeting’ chaired by Assistant Governor Lee Ji-ho to re…
Last month, the nationwide consumer price inflation rate rose back into the 3% range for the first time in two months. According to the "Consumer Price Trends for August 2026" released by the National Data Center on the 2nd, the nationwide consumer price index last month stood at 120.05 (2020=100), a 3.1% increase from August of last year. This marks the first time the monthly consumer price inflation rate has reached the 3% range since last Ju…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
