S. Korean consumer price growth stays below under 1% for seventh-straight month in July
Arirang News
2019-08-01
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7월 소비자물가 0.6% 올라...7개월 연속 0%대
South Korea's consumer price growth remained in the zero-percent range for the seventh-straight month in July.
Data from Statistics Korea shows consumer prices rose zero-point-six percent on-year last month.
It's the longest stretch of below-one-percent price growth... since the February to November period in 2015.
Fruit and vegetable prices fell six-point-four percent on-year, while those of petroleum goods fell five-point-nine percent.
Statistics Korea described the ongoing trend as "disinflation",... due to external factors such as climate change and falling energy prices,... rather than low demand.
South Korea's consumer price growth remained in the zero-percent range for the seventh-straight month in July.
Data from Statistics Korea shows consumer prices rose zero-point-six percent on-year last month.
It's the longest stretch of below-one-percent price growth... since the February to November period in 2015.
Fruit and vegetable prices fell six-point-four percent on-year, while those of petroleum goods fell five-point-nine percent.
Statistics Korea described the ongoing trend as "disinflation",... due to external factors such as climate change and falling energy prices,... rather than low demand.
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