South Korea’s consumer prices posted the highest growth in nearly five years last month.
 
According to Statistics Korea on Tuesday, the consumer price index advanced two-point-two percent last month from a year earlier. It is the highest growth since it grew two-point-two percent in June of 2012.
 
The prices of oil and other petroleum products jumped 14-point-four percent last month, the highest on-year growth since November of 2011, lifting the overall consumer prices by zero-point-59 percentage points.
 
The price of services also rose two-point-one percent, contributing to a rise in overall consumer prices by one-point-16 percentage points. The prices of agriculture, fishery and livestock products increased by five-point-eight percent.
 
Core prices, which exclude petroleum products and farm produce, rose one-point-four percent from the same period last year.