S. Korea's consumer prices grow 1.5 pct on-year in April

The nation’s consumer prices grew at the fastest pace in eight months in April, a government report showed Thursday.

The country's consumer price index rose 1.5 percent in April from a year earlier, the fastest on-year rise since August last year when it advanced 1.5 percent, according to the report by Statistics Korea.

The core inflation, which excludes volatile oil and food prices, rose 2.3 percent on-year in April, up from March when it rose 2.1 percent from a year earlier, the report showed. This was the fastest price growth in 26 months. (Yonhap)

[Source: korea.net]