Consumer prices rise 1.7 pct in Aug., slowest pace in 9 months

SEOUL, Sept. 2 (Yonhap) -- South Korea's consumer prices grew by less than 2 percent in August, marking the slowest pace of growth in nine months, data showed Tuesday.

Consumer prices, a key gauge of inflation, increased 1.7 percent from a year earlier last month, according to the data from Statistics Korea.

Inflation had remained above the Bank of Korea's 2 percent target for four consecutive months through April before slowing to 1.9 percent in May. It then climbed again, staying above 2 percent in both June and July.

It also marks the slowest growth since November 2024, when the comparative figure grew by 1.5 percent on-year.

khj@yna.co.kr
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