Korea’s consumer prices rise 3.7% in September
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Published: 05 Oct. 2023, 09:10 Updated: 05 Oct. 2023, 16:51

Korea’s consumer prices rise 3.7% in September

People shop at a supermarket in Seoul on Tuesday. [YONHAP]

People shop at a supermarket in Seoul on Tuesday. [YONHAP]

Korea’s consumer prices rose 3.7 percent in September from a year earlier following a rise in global oil prices and agricultural products due to heavy rain and heat waves, according to Statistics Korea on Thursday. 
 
The growth rate rose 0.3 percentage points from a month earlier, staying above 3 percent for two consecutive months after hovering at the 2 percent range in June and July.   
 
Core inflation, excluding volatile food and energy prices, rose 3.3 percent on year, remaining unchanged from a month earlier.
 
Consumer price growth has cooled after it peaked at 6.3 percent in July last year.   
 
 
 
 
 
 

BY JIN MIN-JI [jin.minji@joongang.co.kr]
tags KOREA cpi inflation september 3.7 percent

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