South Korea Inflation Rate at 9-Month Low
South Korea annual inflation rate slowed to 1 percent in November of 2014 from 1.2 percent in the previous month. It is the lowest rate since February due to a fall in prices of industrial goods.
Year-on-year, cost of industrial goods decreased 0.1 percent and prices of agricultural, livestock and fisheries products dropped 0.1 percent. In contrast, cost of services rose 1.6 percent.
Prices of fresh food decreased 5.2 percent.
On a monthly basis, consumer prices dropped 0.2 percent, following a 0.3 percent fall in the previous month.
Annual core inflation rate slowed for the third consecutive month to 1.6 percent.
12/1/2014 11:34:43 PM