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Korea's consumer prices grow 1.6 pct on-year in July

Updated: 2014-08-01 17:58:45 (KST)
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Korea's July consumer prices gained at the slowest rate in three months as the price of vegetables and livestock stayed relatively stable.
July consumer price index rose 1.6 percent last month on-year, slower than the 1.7 percent gain the month before.
The agency attributes the low, but stable price increase to a lack of severe weather conditions such as typhoons or heavy rainfall, which has led to some bumper harvests.
Core inflation, which excludes things like oil and food prices, rose 2.2 percent on-year last month.
Finance ministry officials expect the prices to remain stable for the time being.


Reporter : markbroome@arirang.co.kr

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