Korean consumer prices grow 3.7% in April
![Customers shop at a discount mart in Seoul on Monday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2023/05/23/341fd6c8-dde7-475d-9b63-ffc14e350341.jpg)
Customers shop at a discount mart in Seoul on Monday. [YONHAP]
Korea’s consumer prices jumped 3.7 percent on year in April, rising at the slowest pace in more than a year.
The figure was down from the 4.2 percent on-year growth in March, according to Statistics Korea Tuesday.
It was the first time that on-year inflation growth fell below 4 percent since February last year. Inflation peaked at 6.3 percent last July.
The slow in growth was influenced by the declining oil prices. The price growth for agricultural products also slowed.
Core inflation, which excludes the volatile food and energy sectors, remained strong at 4.0 percent on year in April.
BY JIN MIN-JI [jin.minji@joongang.co.kr]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)