Currency effects: A port terminal in Busan, South Korea. Officials say the depreciation of the won has pushed up the cost of imported goods. — Reuters
SEOUL: South Korea’s consumer prices grew at the 1% level for the first time in five months in May on falling oil prices, although a weaker local currency continues to raise the cost of imported goods, government data show.
Consumer prices, a key gauge of inflation, gained 1.9% from a year earlier last month, according to the data from Statistics Korea released yesterday.
