Inflation in the DPRK

Using the data published by the Daily NK, Dr. Hanke has constructed this graph of food prices in the DPRK:

NK-RICE-Hanke

According to Dr. Hanke:

“From what little data are available, it would appear that, in the span of six months, the price of rice has increased by nearly 130%. This is par for the course in North Korea, where the price of rice has increased by roughly 28,500% over the last three years.”

Here is the source.

Here is a previous post on Dr. Hanke’s DPRK inflation research.

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This entry was posted on Friday, December 7th, 2012 at 10:53 am and is filed under 2012 food shortage, Fiscal & monetary policy, Food. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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