SEJONG (Yonhap News) ― South Korea’s consumer prices increased at a slower pace in April than a month earlier, keeping its on-year growth in the 1-percent range for the sixth straight month, a government report showed Wednesday.
The country’s consumer prices index rose 1.2 percent on-year in April, slowing from a 1.3 percent on-year gain in the previous month, according to the report by Statistics Korea. From a month earlier, it dropped 0.1 percent.
The on-year figure represents the sixth straight month since November that the price growth has stayed in the 1-percent range.
The core inflation, which excludes volatile oil and food prices, rose 1.4 percent on-year in April, the report showed.
The so-called “livelihood price” index that measures the costs of key daily necessities inched up 0.7 percent on-year in April.
