South Korea's consumer inflation climbs 1.6%y/y in April
- 6 years ago
South Korea's consumer prices rose last month on the back of higher food prices.
Breaking down the figures for us is our Kim Hyesung.
Consumer prices in South Korea increased one-point-six percent on-year in April,...up from the previous month's one-point-three percent on-year gain.
Though still in the one percent range, the pace of consumer inflation accelerated to a six-month high.
Statistics Korea says the pickup in price growth was led by agricultural and livestock products, which soared over four percent in April from the same month last year, faster than a two-point-one percent on-year gain in March.
In particular, vegetable prices jumped over eight percent on-year, marking the fastest pace of growth since August last year.
Potato prices soared nearly 77 percent, tallying the quickest growth since March 2004, due to drop in supply.
According to the Bank of Korea, rice prices also went up 30 percent due to a drop in production last year.
Service prices rose one-point-six percent on-year on the back of higher restaurant food prices.
Core CPI, which excludes oil and food prices, was up one-point-four percent on-year.
Kim Hyesung, Arirang News.
Breaking down the figures for us is our Kim Hyesung.
Consumer prices in South Korea increased one-point-six percent on-year in April,...up from the previous month's one-point-three percent on-year gain.
Though still in the one percent range, the pace of consumer inflation accelerated to a six-month high.
Statistics Korea says the pickup in price growth was led by agricultural and livestock products, which soared over four percent in April from the same month last year, faster than a two-point-one percent on-year gain in March.
In particular, vegetable prices jumped over eight percent on-year, marking the fastest pace of growth since August last year.
Potato prices soared nearly 77 percent, tallying the quickest growth since March 2004, due to drop in supply.
According to the Bank of Korea, rice prices also went up 30 percent due to a drop in production last year.
Service prices rose one-point-six percent on-year on the back of higher restaurant food prices.
Core CPI, which excludes oil and food prices, was up one-point-four percent on-year.
Kim Hyesung, Arirang News.