A model poses for a photo with eggs imported from the United States at a Lotte Mart store on May 21. [YONHAP]
Korea will utilize tariff-rate quotas and reserve releases to tackle lingering inflationary pressure in the aftermath of supply disruptions caused by the Middle East war, the Ministry of Finance and Economy said on Thursday.
The Finance Ministry discussed such measures with economy-related ministries to address consumer price hikes ahead of the summer season.
A model poses for a photo with eggs imported from the United States at a Lotte Mart store on May 21. [YONHAP]
Consumer prices, a key gauge of inflation, increased 3.1 percent last month from a year earlier, due mainly to higher fuel prices. It marked the fastest growth in 26 months after rising at the same pace from March 2024.
