As the international producer price rose sharply, the increase in the import price index recorded three times that of exports, which intensified inflation.
Korea's import price increased by 30.1% in the same month of the previous year and export price by 22.3%, but compared to the previous month, import price increased by 4.1% and exports by 1.4%, which is three times larger.
The U.S. Producer Price Index (PPI) for January rose 1.0% from the previous month and 9.7% from the same period last year, the Ministry of Labor announced on the 15th. An increase in inflation confirmed the increase in inflation.
Inflation in the UK was 5.5% in January and was 5.4% in December, the Bank of England (BoE) said on the 15th that "inflation in the UK will peak in April with a rise of 7.25%".
The Korean producer price index was 109.6 last year, up 6.4% from 103.3 in the previous year (2020), close to the 6.7% increase in 2011 right after the financial crisis.
The UK's output sector producer price index (PPI) rose 9.9% year-on-year in January, and the input sector PPI rose 13.6% year-on-year. Inflation is 4.4%.
The UK's Financial Times (FT) said the UK's consumer price index (CPI) rose 5.5% in January compared to the same period a year earlier, more than double the Bank of England target of 2%, the highest since March 1992 of the Gulf War of 7.1% 16 reported the day.
The National Bureau of Statistics of China announced on the 15th that the producer price index (PPI) rose 9.1% year-on-year in January and the consumer price index (CPI) rose 0.9% in January.
The decline in the CPI growth rate was led by a 41.6% drop in pork prices, a representative Chinese consumer price, and a 4.1% drop in fresh vegetable prices.
China's monthly PPI growth rate reached an all-time high of 13.5% in October of last year.
The Ministry of Finance announced on the 17th that Japan's exports in January increased by 9.6% from the same month of the previous year to 6.332 trillion yen, and imports increased 39.6% to 8,523.1 billion yen, a trade deficit of 2.191.1 trillion yen.
Energy imports in January were 2.16.6 trillion yen, an increase of 83% compared to the same period of the previous year, and crude oil import prices rose by 76%.
Japan's trade surplus with Korea is 183 billion yen, up 5.4% from January last year.