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Financial News: South Korea Inflation Sinks 0.6% In April

South Korea Inflation Sinks 0.6% In April

05/03/2020 - 19:22:00 (RTTNews)

(RTTNews) - Consumer prices in South Korea were down 0.6 percent on month in April as a result of the Covid-19 pandemic, Statistics Korea said on Monday.

That follows the 0.2 percent monthly gain in March.

Ona yearly basis, inflation rose at a six-month low of just 0.1 percent - slowing dramatically from the 1.0 percent increase in the previous month.

Core consumer prices, which exclude volatile food prices, added 0.3 percent on year after gaining 0.4 percent a month earlier.

Individually, prices for agricultural goods and livestock climbed an annual 2.9 percent while utilities rose 0.3 percent.

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