Consumer prices rose 1.6% year-on-year (y-o-y) last month, compared with a 2% increase a month earlier, according to the data from Statistics Korea. — Reuters
SEOUL: South Korea’s consumer prices slowed to the lowest level in three-and-a-half years in September, falling below 2% for the first time since early 2021, data show.
Consumer prices, a key gauge of inflation, rose 1.6% year-on-year (y-o-y) last month, compared with a 2% increase a month earlier, according to the data from Statistics Korea.
