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Korea faces rising stagflation risk as oil prices surged and the won fell to a 22-month low of about 1,237 per dollar on March 8, 2022. Experts cited sanctions on Russia and higher energy costs pushing up import prices.
Korean inflation has stayed around 3% for five straight months.
Higher crude and a weaker won sharply raise the cost of imported energy and feed inputs for Korean buyers, pressuring margins and consumer prices. Sustained oil strength keeps energy-linked input costs elevated.
koreatimes.co.krYi Whan-wooMar 8, 2022After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
