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Financial News: South Korea Inflation Slows In July

South Korea Inflation Slows In July

08/01/2019 - 02:18:00 (RTTNews)

(RTTNews) - South Korea's consumer price inflation slowed in July after remaining steady in the previous month, figures from Statistics Korea showed on Thursday.

The consumer price index climbed 0.6 percent year-on-year in July, after a 0.7 percent rise in June and May.

Excluding food and energy, core inflation increased to 1 percent in July, following a 0.9 percent rise in the preceding month.

On a monthly basis, consumer prices fell 0.3 percent from July, following a 0.2 percent decline in the previous month.

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