emirates7 - The Republic of Korea's consumer prices grew by less than 2 percent in August, marking the slowest pace of growth in nine months, data showed Tuesday.
Consumer prices, a key gauge of inflation, increased 1.7 percent from a year earlier last month, Yonhap News Agency quoted data from Statistics Korea as saying.
Inflation had remained above the Bank of Korea's 2 percent target for four consecutive months through April before slowing to 1.9 percent in May. It then climbed again, staying above 2 percent in both June and July.
It also marks the slowest growth since November 2024, when the comparative figure grew by 1.5 percent on-year.
Core inflation, which excludes volatile food and energy prices, went up 1.3 percent in August, also slowing from July's 2 percent growth.
Consumer prices, a key gauge of inflation, increased 1.7 percent from a year earlier last month, Yonhap News Agency quoted data from Statistics Korea as saying.
Inflation had remained above the Bank of Korea's 2 percent target for four consecutive months through April before slowing to 1.9 percent in May. It then climbed again, staying above 2 percent in both June and July.
It also marks the slowest growth since November 2024, when the comparative figure grew by 1.5 percent on-year.
Core inflation, which excludes volatile food and energy prices, went up 1.3 percent in August, also slowing from July's 2 percent growth.