South Korea’s consumer prices have risen at the fastest pace in four years and three months.
Statistics Korea said Thursday that the nation’s consumer price index jumped two percent in January from a year earlier. It marks the fastest inflation since a two-point-one percent price growth in October of 2012.
The consumer price gain, which had remained at less than one percent since last May, accelerated to the one-percent range between September and December.
The price of eggs skyrocketed 61-point-nine percent last month from a year earlier due to a fall in supply as a result of the bird flu outbreak. The growth is markedly fast given an eight-point-seven percent growth in December.
Prices of other agricultural goods also increased sharply, including that of radishes, Chinese cabbage and carrots, whose prices jumped 113 percent, 78-point-eight percent and 125-point-three percent, respectively.
Overall prices of agricultural, livestock and fishery products increased eight-point-five percent from a year earlier, lifting consumer prices by point-67 percentage point.