The Russian Bureau of Statistics announced on the 10th that the consumer price index (cpi) rose by 9.15% in February compared to the same month of the previous year, and inflation accelerated by 0.4 percentage points compared to January.
The Bank of Japan announced on the 10th that the growth rate of the domestic corporate commodity price index (2015 = 100) in February was 9.3%, exceeding the 9.2% increase in November 2015, the largest increase since 1981.
As Korea's import price rises, the won is expected to be higher than the contract standard (dollar) due to the weak won.
Russia's February inflation was the highest in seven years as the exchange rate plunged due to US and European sanctions against the invasion of Ukraine, and the consumer price index rose by 2.22% from the previous week from February 26 to March 4 Reuters reported today.
Reuters continued, Rush company's domestic car 17.1% and TV 15.0% rise, inflation is progressing rapidly. The market expects inflation to rise to about 20% by the end of the year as the ruble plunge and the rise in import prices further accelerated inflation in March. said.
The Bank of Japan's domestic corporate price index of 110.7 in February was a 0.4 percentage point increase from 8.9% in the previous month, and the rate of increase is the highest since December of 1980, 10.4% of the oil crisis.
In Japan, the increase in resource prices was concentrated with the increase in wood and wood products by 58%, coal and petroleum products by 34.2%, steel by 24.5%, non-ferrous metals by 24.9%, and chemical products by 12.3%.
The Bank of Japan announced that import prices rose 34.0% in yen terms due to the weak yen, and 25.7% in contract currencies (dollars, etc.), which is the 12th consecutive month of increase.
Japan's export prices rose 12.7% in yen terms.
On January 18, the Bank of Korea said, “The reason for the weak won is the rise in international commodity prices, the high dependence on the Chinese economy, and the rebalancing of the stock portfolio of global investors. The shock of rising raw material prices caused the won to depreciate compared to other currencies,” he said.
The Bank of Korea continued, “As Korea is highly dependent on foreign raw materials, concerns that a surge in international raw material prices will increase costs, worsen terms of trade and current account, and have a relatively negative impact on domestic economic conditions is reflected,” the Bank of Korea said. continued weakness.
In announcing the 'Monetary and Credit Policy Report' on the 10th, the Bank of Korea said, "As the receiving interest rate has risen significantly above the loan rate, the difference in the loan and receiving rate has been reduced from 189bp in May last year to 180bp in January this year." It will continue to rise gradually, reflecting expectations and the impact of a rise in the index interest rate,” he said.
The report then analyzed the contribution of consumer price inflation (3.7%) in February to an increase of 0.9 percentage points in energy, 0.6 percentage points in food, 0.6 percentage points in core price products, and 1.6 percentage points in services. .
In particular, 253 items (55.2%) in February increased by 2% or more, 239 items (52.2%) in January, and 92 items in the food and energy sector increased by 2% or more, an increase of 18 items from 74 a year ago, but an increase in core items The number soared from 61 to 161, 1.7 times higher than the 100 surge.