South Korea's Consumer Prices Rise at Fastest Pace in 21 Months

Consumer prices rise at fastest pace in 21 months in April on soaring fuel prices

South Korea's consumer prices rose at the fastest pace in 21 months in April, driven by soaring fuel costs, government data showed Wednesday. Consumer prices, a key gauge of inflation, increased 2.6 percent from a year earlier last month, according to the data from the Ministry of Data and Statistics. It marks the largest on-year increase since July 2024, when inflation climbed 2.6 percent. The latest rise was driven by a surge in the price of petroleum products, which jumped 21.9 percent from a

By The Korea Herald