Monday, September 2nd, 2013
This is as much as 4.2 times higher than the official statistics put out by the Korea Statistical Office at 1.3 percent. What's notable was that the perceived consumer inflation rate was higher for those families who consider themselves as lower middle class (5.7%) than those who believe they belong to solid middle class (5.2%).
In a survey held in August, the inflation rate had been 5.0 percent, surpassing the official rate (1.2%) by the same 4.2 times. This is largely because the prices for items closely related to everyday livelihood have risen more steeply.