April 20, 2024
Economy
Inflation continues to rise in April
[THE INVESTOR] Inflation in Korea continued to rise in April, going up by 1.9 percent, government data showed on May 2.
This was, however, lower than the previous month’s 2.2 percent rise, according to the data compiled by Statistics Korea.
Consumer prices have been hovering around 2 percent since the first month of 2016 due to a sharp gain in oil prices, following a 1.3 percent on-year gain in December last year.
From a month earlier, the index edged down 0.3 percentage point to 102.66 in April, with it set at 100 in 2015.
Core inflation, which excludes volatile oil and food prices, increased 1.5 percent compared with last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
This was, however, lower than the previous month’s 2.2 percent rise, according to the data compiled by Statistics Korea.
Consumer prices have been hovering around 2 percent since the first month of 2016 due to a sharp gain in oil prices, following a 1.3 percent on-year gain in December last year.
From a month earlier, the index edged down 0.3 percentage point to 102.66 in April, with it set at 100 in 2015.
Core inflation, which excludes volatile oil and food prices, increased 1.5 percent compared with last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
