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Consumer price growth hits over 1 pct in Feb.

All News 08:06 March 03, 2016

SEJONG, March 3 (Yonhap) -- South Korea's consumer prices grew by more than 1 percent in February, government data showed Thursday.

The country's consumer price index rose 1.3 percent last month from a year earlier, accelerating from January's 0.8 percent on-year gain, according to the report by Statistics Korea.

The figure had remained below the 1 percent level for 11 straight months until October last year but hit 1 percent in November and 1.3 percent in December.

Core inflation, which excludes volatile oil and food prices, increased 2 percent compared with last year, up 0.1 percentage point from a year ago.


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