The Korea Herald

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S. Korea's consumer price growth slows to 12-year low in Aug.

By 박한나

Published : Sept. 3, 2012 - 09:17

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South Korea's consumer prices grew at the slowest click in over 12 years last month amid government efforts to keep inflationary pressure down, a report showed Monday.

The country's consumer price index rose 1.2 percent from a year earlier in August, compared with a 1.5 percent on-year gain the previous month, according to the report by Statistics Korea.

The so-called core inflation, which excludes volatile oil and food prices, grew at 0.6 percent on-year, which also marks a deceleration from a 1.2 percent increase in July. (Yonhap News)