Reference photo. News1
‘[Financial News] The consumer price index rose to the low 2% range, slowing down to the lowest level in three years and five months.’
“According to the ‘August Consumer Price Trends’ announced by Statistics Korea on the 3rd, the consumer price index last month was 114.54 (2020=100), up 2.0% from a year ago.”
“It is the lowest level in three years and five months since recording 1.9% in March 2021.”
“The consumer price index has been slowing down since dropping below 3% in April (2.9%). The increase in July (2.6%) has now dropped back to 2.0% in August.”
“By item, industrial product prices rose by 1.4%.”
“Agricultural, livestock, and fisheries products increased by 2.4%.”
“The fresh food index, related to ‘meal prices,’ rose by 3.2%, significantly reducing the rate of increase from the previous year (7.7%).”
“The cost of living index also rose by 2.1%, showing a slowdown compared to the previous month (3.0%).”
“The OECD-style core consumer price index, excluding food and energy, rose by 2.1%, down 0.1 percentage points from the previous month (2.2%).”