deep-analysis
What Do People Cut First When Oil Prices Rise: The 7-Map of Household Consumption Redrawn by Rising Fuel Prices
Amid growing household spending pressures due to rising oil prices, a woman in her 30s sorts receipts and organizes her household account book. Consumers are responding to the rising oil price phase by reorganizing their spending priorities. [Photo = Korea Business Review DB] As of April 2026, fuel prices at domestic gas stations are showing unusual signs.
Amid growing household spending pressures due to rising oil prices, a woman in her 30s sorts receipts and organizes her household account book. Consumers are responding to the rising oil price phase by reorganizing their spending priorities. [Photo = Korea Business Review DB] As of April 2026, fuel prices at domestic gas stations are showing unusual signs.
Amid growing household spending pressures due to rising oil prices, a woman in her 30s sorts receipts and organizes her household account book. Consumers are responding to the rising oil price phase by reorganizing their spending priorities. [Photo = Korea Business Review DB] As of April 2026, fuel prices at domestic gas stations are showing unusual signs. According to the Consumer Price Trends for March 2026 released by the National Data Office, last month's consumer price index stood at 118.80 (2020=100), up 2.2% from the same month last year, with petroleum products leading the upward trend by surging 9.9% year-on-year. This marks the highest inflation rate in 3 years and 5 months since October 2022, the year the Russia-Ukraine war broke out. In a report released in March 2026, the Hyundai Research Institute analyzed that if international oil prices rise to the level of $100 per barre…
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