South Korea Inflation Rate Down to 15-Year Low

South Korea annual inflation rate slowed for the second straight month to 0.8 percent in December of 2014 from 1 percent in the previous month. It is the lowest rate since September of 1999 due to a fall in prices of industrial goods and fresh food.

Year-on-year, cost of fresh food dropped 2.8 percent and prices of industrial goods decreased 0.6 percent.

Upward pressures came from prices of agricultural, livestock and fisheries products (up 1 percent) and services (1.6 percent).

On a monthly basis, consumer prices were flat in December, following a 0.2 percent fall in the previous month.

Annual core inflation rate was recorded at 1.6 percent, the same as in November.

South Korea Inflation Rate Down to 15-Year Low

Joana Taborda |
12/31/2014 12:00:23 AM