46755
S. Korea Inflation at 10-Month Low
World Economy

S. Korea Inflation at 10-Month Low

South Korea’s consumer price inflation fell in July to the lowest in 10 months at 0.7% on the back of the continued effect of low crude oil prices, a government report showed on Tuesday, Xinhua reported. Consumer prices rose 0.7% in July from a year earlier, according to Statistics Korea. After peaking at 1.2% in February, the headline inflation kept falling to 1% in April and 0.8% in June. Oil product prices tumbled 8.9% last month, dragging down the overall headline inflation by 0.38 percentage points. Farm goods prices slumped 4%, pulling down the inflation by 0.15 percentage points, while prices for electricity, tap water and gas declined 3.9% and dragged down the overall inflation by 0.18 percentage points. Services prices increased 1.9% in July from a year earlier, bolstering up the overall inflation by 1.05 percentage points last month. Core consumer prices, which exclude volatile agricultural and oil products, gained 1.6% in July. The OECD-method core consumer prices excluding food and energy increased 1.7% last month, the lowest in 19 months.

 

Short URL : http://goo.gl/yc6IWg
  1. http://goo.gl/bnR2vE
  • http://goo.gl/Y14zu2
  • http://goo.gl/hSAit8
  • http://goo.gl/M2cv9P
  • http://goo.gl/WTTKTG

You can also read ...

Big Data, Online Markets Can Lead to Higher Prices
Information technology is not just transforming markets; it is...
Air India Sale Hangs in Balance
Uncertainty hangs over the Indian government's plans to sell...
Liu He (L) and Steven Mnuchin after the joint statement to avoid a trade war.
With "minutes to midnight", the great US-China trade war...
Italy could set the stage for the bloc’s next crisis if it delivers on its tax-cutting and high-spending policies.
Capital investment in 24 of the EU’s 28 member states has...
A meeting of eurozone finance ministers is set for June 21.
Greece’s creditors have agreed a program of reforms as the...
Bangla Trade Deficit Doubles
Bangladesh’s trade deficit has almost doubled within 12 months...
Egypt Gets Bids for Power Plant
Egypt next week will announce the winning consortium to build...
Cumulative gross financing needs could amount  to $69.3 billion for 2018 for the six-nation group.
While public debt levels remain at manageable levels for most...

Trending

Googleplus