Korea’s inflation rate increased more than 1 percent in February on gains by agricultural goods and services, government data showed on March 6.
The country’s consumer price index climbed 1.4 percent last month from a year earlier, accelerating from the previous month‘s 1 percent on-year gain, according to the data compiled by Statistics Korea.
From a month earlier, the index also increased 0.8 percent in February.
Core inflation, which excludes volatile oil and food prices, grew 1.2 percent compared with last year.
Prices of agricultural goods rose 3.5 percent on-year last month, shifting from a 0.6 percent decline the previous month, with those for industrial goods rising 0.8 percent on-year, compared with a 1 percent on-year rise the previous month, the agency said.
By Song Seung-hyun and newswires (firstname.lastname@example.org