April 27, 2024
Economy
Inflation hits 4-year high in Jan.
[THE INVESTOR] Inflation in South Korea rose at the fastest clip in four years in January on a sharp rise in food prices, government data showed on Feb. 2.
According to the data compiled by Statistics Korea, the country’s consumer price index gained 2 percent last month from a year earlier, accelerating from the previous month’s 1.3 percent rise.
The January figure marked the highest on-year gain since October 2012. From a month earlier, the index also edged up 0.9 percent in January. Core inflation, which excludes volatile oil and food prices, increased 1.7 percent compared to 2016.
(theinvestor@heraldcorp.com)
According to the data compiled by Statistics Korea, the country’s consumer price index gained 2 percent last month from a year earlier, accelerating from the previous month’s 1.3 percent rise.
The January figure marked the highest on-year gain since October 2012. From a month earlier, the index also edged up 0.9 percent in January. Core inflation, which excludes volatile oil and food prices, increased 1.7 percent compared to 2016.
(theinvestor@heraldcorp.com)
