April 26, 2024
Economy
Korea’s inflation stays over 1% in Dec.
[THE INVESTOR] South Korea’s inflation rose 1 percent for four months in a row in December, government data showed on Dec. 30.
The country’s consumer price index rose 1.3 percent last month from a year earlier, down 0.2 percentage point from the previous month’s 1.5 percent on-year gain, according to the data compiled by Statistics Korea.
The inflation has stayed over the 1 percent level since September, when it snapped the growth of less than 1 percent between May and August.
From a month earlier, the index edged up 0.1 percent in December.
Core inflation, which excludes volatile oil and food prices, increased 1.2 percent compared with last year.
The statistics office said the monthly rise is largely led by high prices of foods, which have remained expensive for months due to sizzling heat and a typhoon in the summer.
(theinvestor@heraldcorp.com)
The country’s consumer price index rose 1.3 percent last month from a year earlier, down 0.2 percentage point from the previous month’s 1.5 percent on-year gain, according to the data compiled by Statistics Korea.
The inflation has stayed over the 1 percent level since September, when it snapped the growth of less than 1 percent between May and August.
From a month earlier, the index edged up 0.1 percent in December.
Core inflation, which excludes volatile oil and food prices, increased 1.2 percent compared with last year.
The statistics office said the monthly rise is largely led by high prices of foods, which have remained expensive for months due to sizzling heat and a typhoon in the summer.
(theinvestor@heraldcorp.com)
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