South Korea August Inflation +3.1% Y/y, Weaker than Expected
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8 Articles
South Korea August inflation +3.1% y/y, weaker than expected
SEOUL, Sept 2 (Reuters) - South Korea's consumer prices rose 3.1% in August from a year earlier, government data showed on Wednesday, coming in below market expectations. That was faster than the 2.8% rise in July but weaker than a 3.2% increa...
Consumer prices up 3.1% in August amid high oil prices
Korea's consumer prices moved up 3.1 percent in August from a year earlier as oil prices remained elevated. According to data from the Ministry of Data and Statistics, consumer price growth hovered above 3 percent in August, accelerating from a 2.8 percent on-year rise in July. The August increase was led by fuel prices, with diesel prices rising sharply by 19.6 percent and gasoline prices advancing 11.5 percent. Korea relies heavily on imports …
The consumer price inflation rate for August recorded 3.1%. This represents a 0.3 percentage point increase from the previous month's 2.8%, marking a return to the 3% range after two months. With the service price inflation rate expanding to 3.7%, rising prices for transportation and public services drove the overall price increase. According to the "August Consumer Price Trends" released by the National Data Center on the 2nd, the consumer pric…
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Consumer prices in August rose 3.1% compared to a year ago. According to the "August Consumer Price Trends" released by the National Data Center on the 2nd, the consumer price index in August increased by 3.1% year-on-year. After showing growth rates in the 3% range in May (3.1%) and June (3.2%), prices dropped to the 2% range in July (2.8%) before returning to 3%
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