S. Korea's consumer prices edge up 0.7% in May
- 5 years ago
5월 소비자물가 0.7%↑…5개월째 0%대
Consumer price growth in South Korea has remained below one percent for the fifth month in a row,... signaling weak sentiment among consumers and investors.
According to Statistics Korea,... consumer prices edged up 0-point-7 percent on-year in May... far lower than the Bank of Korea's target goal of two percent.
The agency attributed the sluggish inflation to low domestic demand... and a drop in the prices of petroleum goods compared to the same period last year.
Analysts say if inflation stays low, it could hurt consumer spending and private investment.
Consumer price growth in South Korea has remained below one percent for the fifth month in a row,... signaling weak sentiment among consumers and investors.
According to Statistics Korea,... consumer prices edged up 0-point-7 percent on-year in May... far lower than the Bank of Korea's target goal of two percent.
The agency attributed the sluggish inflation to low domestic demand... and a drop in the prices of petroleum goods compared to the same period last year.
Analysts say if inflation stays low, it could hurt consumer spending and private investment.