S. Korea’s consumer prices rise 1.3% y/y in Dec.

S. Korea’s consumer prices rise 1.3% y/y in Dec.


statistics Korea has reached its data on
consumer prices for December it showed a slowdown from the previous month as for
2018 as a whole inflation has been lower than the previous year
Kim Hassan reports South Korea’s consumer prices rose 1.3 percent on-year
in December the lowest increase in five months statistics korea says
agricultural goods prices rose by double digits but falling global oil prices
drove down overall consumer prices leading to a slowdown from the roughly 2
percent on-year price gains seen in September October and November petroleum
goods prices fell near 3 percent on-year showing a negative trend for the first
time since November 2016 on lower oil prices and the government’s fuel tax cut
agricultural goods prices in December went up ten point seven percent prices
of rice soared by nearly 24 percent and tomatoes were up at 30 percent
electricity water and gas prices rose 1.4% slowing from the previous month
after a cut in gas prices core inflation excluding food and energy prices rose by
1.1 percent in December for 2018 as a whole prices rose 1.5 percent lower than
the bank of Korea’s target of 2 percent it’s also lower than 20 17 s 1.9 percent
but higher than 2016 s 1 percent gained agriculture meat and seafood prices rose
near 4 percent on-year in 2018 industrial goods rose slightly by 1.3
percent but electricity water and gas fell by
nearly 3 percent statistics Korea said in 2018 weather conditions like the
heatwave in the summer led to agricultural price gains the falling oil
prices and electricity and gas prices slowed down overall inflation in the
latter half of this year Tim Ezell Arirang news

Leave a Reply

Your email address will not be published. Required fields are marked *