Consumer prices jump 4.7% in July amid inflation concerns
Aug 1, 2011
South Korea’s consumer prices jumped 4.7 percent in July from a year earlier, staying above the government’s target inflation rate of 4 percent for the seventh month in a row amid growing worries over its impact on the overall economy. The year-on-year figure in July marked a bigger jump than the 4.4 percent increase the previous month, according to a report by Statistics Korea on Monday. The co...