North Korean authorities have launched an aggressive crackdown on soaring prices across the country, as inflation intensifies the financial burden on ordinary citizens. The move comes after essential goods such as flour, sugar, and cooking oil saw price hikes of over 20% since mid-February, triggering concerns among residents.
The initial wave of price increases began in markets across Pyongyang and quickly spread to Pyongsong and other cities. As staple foods like rice and corn became more expensive, panic buying surged, with citizens fearing further inflation.
Government Response and Crackdown on Merchants
In response, local authorities in South Pyongan Province, along with city and county committees, have intensified efforts to control prices. Officials have blamed merchants for the inflation, accusing them of “arbitrary price increases” and warning of “merciless” sanctions against those who fail to comply with state regulations.
Special market enforcement teams—comprising local officials and police—have been deployed to inspect markets, threatening sellers with revoked permits and other punishments if they are found to be overpricing goods. These inspections have extended beyond formal marketplaces, with enforcers posing as potential customers to investigate home-based sellers.
Public Frustration and Black Market Concerns
Despite the government’s claims, many citizens and merchants argue that the real cause of rising prices is the scarcity of essential goods. Merchants have expressed frustration over the government’s focus on punitive measures instead of addressing underlying supply shortages.
Criticism has also emerged over fears that tighter market restrictions will push more economic activity into the black market, further weakening state control over commerce.
With North Koreans facing growing hardship and uncertainty, authorities remain determined to maintain strict economic controls, though it remains unclear whether these measures will stabilize the situation or exacerbate tensions.
