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 ...

All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...