S. Korea's consumer price growth hits 13-month high in October
S. Korea's consumer price growth hits 13-month high in October
  • Shin Jin-seon
  • 승인 2018.11.01 09:22
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South Korea's consumer price growth accelerated in October, hitting the highest in 13 months, on a sharp rise in prices for agricultural goods and oil-related products, government data showed on Nov. 1, 2018.

The country's consumer price index climbed 2 percent last month from a year earlier, moving up from the previous month's 1.9 percent on-year gain, according to the data compiled by Statistics Korea.

The reading marks the highest since September 2017, when the comparable figure was 2.1 percent.

From a month earlier, the index fell 0.2 percent.

Core inflation, which excludes volatile oil and food prices, rose 1.1 percent on-year.

The October figure is on par with the Bank of Korea's target of 2 percent for the year.

Prices of agricultural goods soared 8.1 percent on-year last month, compared with a 7.1 percent on-year gain tallied for September.

Prices of industrial goods increased 2 percent from the year before, compared with a 1.9 percent on-year rise reported for the previous month, the agency said.

The statistical office said prices of service charges moved up 1.3 percent last month, vis-a-vis a 1.4 percent on-year increase in September. (Yonhap)

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