The Korea Herald

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Consumer prices grow 1.2% on-year in April

By Korea Herald

Published : May 1, 2013 - 20:39

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SEJONG (Yonhap News) ― South Korea’s consumer prices increased at a slower pace in April than a month earlier, keeping its on-year growth in the 1-percent range for the sixth straight month, a government report showed Wednesday.

The country’s consumer prices index rose 1.2 percent on-year in April, slowing from a 1.3 percent on-year gain in the previous month, according to the report by Statistics Korea. From a month earlier, it dropped 0.1 percent.

The on-year figure represents the sixth straight month since November that the price growth has stayed in the 1-percent range.

The core inflation, which excludes volatile oil and food prices, rose 1.4 percent on-year in April, the report showed.

The so-called “livelihood price” index that measures the costs of key daily necessities inched up 0.7 percent on-year in April.