Seoul: South Korea will revise items included in the consumer price index basket in a regular reshuffle, reflecting the latest trends by adding subscriptions and smartwatch-related costs, with details set to be announced in December, the statistics agency said Tuesday.
According to Yonhap News Agency, the Ministry of Data and Statistics will carry out the restructuring of items included in the consumer price survey. The latest round of adjustments focuses on reflecting consumers' spending patterns in the digital sector. The country will add subscription fees for software and cloud services, while excluding items that have become less popular recently, including bracken fern, an ingredient used in Korean side dishes.
Other categories to be added include meal kits, electric vehicle charging fees, online shopping subscriptions, and malatang, a Chinese dish that has gained popularity in South Korea in recent years. South Korea plans to gather public opinions through mid-July before finalizing the reshuffle.