S. Korea's consumer prices up 2% y/y in November
- 5 years ago
South Korea's consumer prices jumped two percent on-year in November...on the back of rising agricultural and petroleum goods prices.
According to Statistics Korea Tuesday, consumer prices have risen two percent for two consecutive months...after remaining in the one-percent range for twelve months straight.
Vegetable prices rose by more than 14-percent on-year in November.
Prices of petroleum goods increased more than six percent.
However, the agency pointed out that prices of oil-related products decreased on-month...after the government slashed domestic transport fuel taxes by 15-percent for six months, starting November 6th.
According to Statistics Korea Tuesday, consumer prices have risen two percent for two consecutive months...after remaining in the one-percent range for twelve months straight.
Vegetable prices rose by more than 14-percent on-year in November.
Prices of petroleum goods increased more than six percent.
However, the agency pointed out that prices of oil-related products decreased on-month...after the government slashed domestic transport fuel taxes by 15-percent for six months, starting November 6th.