S. Korea’s Consumer Price Hits 7-Month High in September

Seoul, – South Korea’s consumer prices rose at the fastest clip in seven months in September amid growing concerns over possible deflation, a government report showed Wednesday.

The country’s consumer price index rose 1.2% last month from a year earlier, marking the highest monthly gain in seven months, according to the data compiled by Statistics Korea, cited by Yonhap news agency.

The figure had stayed below the 1% level four straight months since May. From a month earlier, the index edged down 0.6% in September. Core inflation, which excludes volatile oil and food prices, increased 1.8% compared with last year, remaining unchanged from a month earlier.

Source: Qatar News Agency