S. Korea's consumer prices edge up 0.7% in May

Arirang News 2019-06-04

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5월 소비자물가 0.7%↑…5개월째 0%대

Consumer price growth in South Korea has remained below one percent for the fifth month in a row,... signaling weak sentiment among consumers and investors.
According to Statistics Korea,... consumer prices edged up 0-point-7 percent on-year in May... far lower than the Bank of Korea's target goal of two percent.
The agency attributed the sluggish inflation to low domestic demand... and a drop in the prices of petroleum goods compared to the same period last year.
Analysts say if inflation stays low, it could hurt consumer spending and private investment.

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