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S. Korea's consumer prices gain 1 pct in March

All News 08:06 April 01, 2016

SEJONG, April 1 (Yonhap) -- South Korea's consumer prices grew by more than 1 percent for the second month in a row in March, government data showed Friday.

The country's consumer price index rose 1 percent last month from a year earlier, slightly slowing from February's 1.3 percent on-year gain, according to the report by Statistics Korea.

It is the first time in three months that the index stayed over the 1 percent level for two straight months.

The consumer prices gain hit 1 percent in November and 1.3 percent in December, after having remained below the 1 percent level for 11 straight months.

Core inflation, which excludes volatile oil and food prices, increased 1.9 percent compared with last year, down 0.1 percentage point from a year ago.


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