Consumer prices grew more than three percent for the fourth consecutive month in January.

According to data from Statistics Korea on Friday, consumer prices increased three-point-six percent on-year last month.

Prices grew three-point-two percent in October last year, posting an on-year gain of more than three percent for the first time in almost a decade.

The last time prices topped that threshold for four months or more was from September 2010 to February 2012.

By product, prices of commodities rose four-point-five percent in January from a year earlier. In particular, the prices of petroleum products soared 16-point-four percent on-year in January, although it slowed from the previous month. 

Price growth of agricultural, livestock and fisheries goods jumped six-point-three percent. 

Core inflation, excluding volatile farm and petroleum product prices, rose three percent on-year in January, marking the first time in a decade to hit three percent.