Gwangju gets more expensive
Customers visit Namdaemun Market, the nation's oldest traditional market, in downtown Seoul, Sunday, as the Lunar New Year, or Seollal, is around the corner. /Yonhap By Lee Min-hyungThe cost of living in Gwangju had its biggest yearly rise in 2014, data shows.The Consumer Price Index (CPI) rose 1.3 percent in the city compared with 2013, the highest increase among the 16 biggest cities and provinces in the nation, Statistics Korea said Friday.Seoul and Incheon were next with 1.2 percent. The average increase was 0.8 percent.The CPI was introduced in 1998 and measures of the price of 142 daily necessities, including food.Statistics Korea also released house price data for 2014.Seoul house prices posted a 2.8 percent on-year rise, the biggest in the nation. The average increase was 2.3 percent.Daegu, Incheon, Gyeonggi Province and South Chungcheong Province had rises of 2.5 percent.
Feb 20, 2015