Menu Content
Go Top

Economy

Consumer Prices Increase 1.3% in November

Written: 2016-12-01 14:33:07Updated: 2016-12-01 14:50:17

Consumer Prices Increase 1.3% in November

South Korea’s consumer prices increased for the third consecutive month in November.
     
Statistics Korea said Thursday that the nation’s consumer price index rose one-point-three percent last month year-on-year. 

The consumer price growth rate remained in the zero percent range from May to August before rising to one-point-two percent in September. Prices increased by one-point-three percent in October.
  
Service prices jumped one-point-eight percent in November, raising overall consumer prices by one percentage point overall. Electricity, water and gas fees fell six-point-four percent from a year earlier. But the drop is smaller than that in October due to higher international oil prices, which led to a rise in petroleum and gas prices.
  
Core prices, which exclude petroleum products and farm produce, rose one-point-four percent from the same period last year. 

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >