S Korea’s consumer prices rise 1.9pc in April

South Korea’s consumer prices rose 1.9 percent in April from a year earlier, hovering at a relatively high level on expensive crude oil, a government report showed yesterday, reports Xinhua.
The headline inflation, which stayed below 1.5 percent in 2016, rebounded above 2 percent in January, according to Statistics Korea. Since then, the inflation bobbed in and out of 2 percent for the next three months.
Costly crude oil led the accelerated inflation. Oil product prices advanced 11.7 percent in April, raising the overall inflation by 0.48 percentage points.  Prices for gasoline and diesel jumped 9.5 percent and 14.1 percent each.
Prices for agricultural, livestock and fishery prices added 4.5 percent in April, after gaining 5.8 percent last month.

S Koreas consumer prices rise 1.9pc in April

South Koreas consumer prices rose 1.9 percent in April from a year earlier, hovering at a relatively high level on expensive crude oil, a government report showed yesterday, reports Xinhua. The headline inflation, which stayed below 1.5 percent in 2016, rebounded above 2 percent in January, according to Statistics Korea. Since then, the inflation bobbed in and out of 2 percent for the next three months. Costly crude oil led the accelerated inflation. Oil product prices advanced 11.7 percent in April, raising the overall inflation by 0.48 percentage points. Prices for gasoline and diesel jumped 9.5 percent and 14.1 percent each. Prices for agricultural, livestock and fishery prices added 4.5 percent in April, after gaining 5.8 percent last month.