Cloud, software services to replace peanuts in proposed South Korea CPI basket
( July 7, 2026, 08:46 GMT | Official Statement) -- MLex Summary: Cloud storage and software subscription services are among the items set to replace bracken, peanuts and 11 other items in the basket of 455 goods and services that South Korea uses to calculate its official consumer price index, reflecting changing consumer lifestyles and the rapid growth of artificial intelligence-powered digital services. The Ministry of Data and Statistics said on Tuesday that the regular five-year revision of the basket, based on consumption patterns in 2025, would take effect in late 2026 if confirmed after a public consultation.The statement is attached (in Korean)....
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