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S. Korea's Inflation Slows to Record Low in 2019

Written: 2019-12-31 09:15:02Updated: 2019-12-31 09:19:32

S. Korea's Inflation Slows to Record Low in 2019

Photo : YONHAP News

South Korea's consumer prices grew less than half-a-percent this year, the slowest gain in recorded history.

According to Statistics Korea on Tuesday, the country's inflation growth slowed on-year to point-four percent in 2019, the lowest since the nation started compiling related data in 1965. 

The previous low was point-seven percent growth in 2015. 

However, the figure for December marked the sharpest on-year growth in six months at point-seven percent, showing signs of improvement. 

The country's inflation rate fell point-four percent in September to record an official drop for the first time and returned to growth of point-two percent in November.

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