South Korea's August Consumer Prices Rise 3.1% Amid Fuel and Mobile Fee Increases
Official data shows South Korea's consumer price index increased by 3.1 percent in August, driven largely by higher fuel costs and mobile subscription fees. Excluding mobile bills, the inflation rate is estimated at around 2.5 percent.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)Sources
Consumer price hike seen at 2.5% without mobile bills: finance ministry
South Korea's consumer price increase for August, which came to 3.1 percent, is estimated to have been around 2.5 percent when excluding a surge in mobile communication bills following a low base, a senior financial official said Wednesday. "In August last year, there was a temporary 50-percent discount in mobile bills, which served as a base effect, leading to a 3.1 percent rise in consumer prices this month," Kang Gi-lyong, a senior financial official, said during a government meeting. In Augu
By The Korea Herald
Read full article →(2nd LD) Consumer prices up 3.1 pct in Aug. on fuel, mobile subscription fees
SEJONG, Sept. 2 (Yonhap) -- South Korea's consumer prices moved up 3.1 percent i...
By Kang Yoon-seung
Read full article →Coverage Timeline
Related Stories
US and Iran Resume Direct Military Strikes as Oil Prices Surge
23m ago
US Treasury Secretary Urges Bank of Japan to Maintain Sound Monetary Policy Amid Yen Volatility
2h ago
Apple Sets Executive Pay for New CEO John Ternus and Chair Tim Cook
2h ago
BOJ to debate rate rise, inflation much closer to 2% target: governor
2h ago