South Korea’s consumer prices continued to rise through last month on the back of a double-digit price growth of petroleum products for a third consecutive month.
 
According to Statistics Korea on Tuesday, the consumer price index gained one-point-nine percent in April from a year earlier.
 
The prices of petroleum products jumped eleven-point-seven percent last month, lifting the overall consumer prices by zero-point-48 percentage points.
 
The price of services also rose two-point-two percent, contributing to a rise in overall consumer prices by one-point-21 percentage points.
 
The price of agriculture, fishery and livestock products increased by four-point-five percent, slowing from a five-point-eight percent growth a month earlier.
 
Core prices, which exclude petroleum products and farm produce, rose one-point-three percent from the same period last year. 
 
The consumer price growth hovered at one-point-five percent or below last year, but it accelerated to two percent in January and has maintained a similar pace with one-point-nine percent in February and two-point-two percent in March.