ID :
185702
Wed, 06/01/2011 - 03:14
Auther :
Shortlink :
https://oananews.org//node/185702
The shortlink copeid
S. Korea's consumer prices grow 4.1 pct in May
SEOUL, June 1 (Yonhap) -- South Korea's consumer prices grew at a slower pace in May, but they were still quite higher than the government's inflation target, raising concerns price hikes still remain a drag on the nation's economic recovery, a report showed Wednesday.
According to the report by Statistics Korea, the country's consumer price index rose 4.1 percent last month from a year earlier, decelerating from the previous month's 4.2 percent gain.
The figure, however, represents the fifth straight month that the consumer prices have jumped over 4 percent, and it is much higher than the government's annual inflation target of 3 percent.
Excluding volatile oil and food costs, core inflation prices increased 3.5 percent from a year earlier, the highest in 23 months since July 2009. They were also up from 3.2 percent tallied for April, the report showed.
According to the report by Statistics Korea, the country's consumer price index rose 4.1 percent last month from a year earlier, decelerating from the previous month's 4.2 percent gain.
The figure, however, represents the fifth straight month that the consumer prices have jumped over 4 percent, and it is much higher than the government's annual inflation target of 3 percent.
Excluding volatile oil and food costs, core inflation prices increased 3.5 percent from a year earlier, the highest in 23 months since July 2009. They were also up from 3.2 percent tallied for April, the report showed.
