■ This study shows that, as an oil-importing economy, rising oil prices serve to diminish Korea’s household purchasing power and escalate production costs. The level to which economic entities are affected varies greatly depending on the degree of cost shifting. ■ According to the analysis...

■ The disinflation in recent years has been significantly influenced by the changes in external conditions and sagging domestic aggregate demand. For 2017, inflation is projected to remain at a low level. ○ An empirical analysis found that fluctuations in consumer prices are significantly...