S. Korea's consumer prices up 1.9% in September, fastest pace in 12 months
- 6 years ago
We're seeing the effects of this year's hot and wet summer at grocery stores' checkout.
South Korea's consumer prices in September rose by their fastest pace in 12 months...on the back of soaring vegetable prices.
Our Ko Roon-hee reports.
South Korea's consumer prices last month spiked by their fastest pace in a year on a sharp rise of agricultural goods prices.
According to Statistics Korea on Friday, consumer prices went up one-point-nine percent last month from a year earlier.
This is the highest on-year growth since September last year.
Prices remained in the one-percent growth range for the twelfth month in a row,... below the central bank's target of two percent.
The agency said soaring agricultural goods prices caused the hike.
Vegetable prices rose by a whopping 12-point-4 percent on-year... due to the record heatwave and heavy rainfall this summer.
In August, temperatures in Seoul sizzled at an 111-year high and the prolonged intense heat wave led to supply shortages.
Prices of petroleum products rose by ten-point-seven percent on-year...due to rising international oil prices.
Prices of gasoline and diesel have been increasing in South Korea for 13 weeks in a row.
Gasoline prices hit a record high for the year in September...at more than one-dollar-46 cents a liter.
Prices of electricity, water and gas dropped one-point-eight percent.
The price cut is less than last month's data...because the government's revision to the progressive electricity billing rates only took effect until August.
Service prices gained one-point-four percent.
Inflation excluding food and energy items, was up one percent on-year.
Ko Roon-hee, Arirang News.
South Korea's consumer prices in September rose by their fastest pace in 12 months...on the back of soaring vegetable prices.
Our Ko Roon-hee reports.
South Korea's consumer prices last month spiked by their fastest pace in a year on a sharp rise of agricultural goods prices.
According to Statistics Korea on Friday, consumer prices went up one-point-nine percent last month from a year earlier.
This is the highest on-year growth since September last year.
Prices remained in the one-percent growth range for the twelfth month in a row,... below the central bank's target of two percent.
The agency said soaring agricultural goods prices caused the hike.
Vegetable prices rose by a whopping 12-point-4 percent on-year... due to the record heatwave and heavy rainfall this summer.
In August, temperatures in Seoul sizzled at an 111-year high and the prolonged intense heat wave led to supply shortages.
Prices of petroleum products rose by ten-point-seven percent on-year...due to rising international oil prices.
Prices of gasoline and diesel have been increasing in South Korea for 13 weeks in a row.
Gasoline prices hit a record high for the year in September...at more than one-dollar-46 cents a liter.
Prices of electricity, water and gas dropped one-point-eight percent.
The price cut is less than last month's data...because the government's revision to the progressive electricity billing rates only took effect until August.
Service prices gained one-point-four percent.
Inflation excluding food and energy items, was up one percent on-year.
Ko Roon-hee, Arirang News.