Consumer inflation slows to 41-month low in August

August’s figure marked the slowest increase since March 2021, when consumer prices grew 1.9%. — AFP

SEOUL: South Korea’s consumer prices slowed to the lowest level in nearly three-and-a-half years in August on easing prices of farm produce and global oil.

Consumer prices, a key gauge of inflation, rose 2% on-year last month, data showed yesterday, compared with a 2.6% year-on-year (y-o-y) rise a month earlier, according to the data from Statistics Korea.