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31.12.2013 00:37:37
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South Korea Inflation Rises 1.1% In December
(RTTNews) - Consumer prices in South Korea were up 1.1 percent on year in December, Statistics Korea said on Tuesday - moving above 1.0 percent after three straight months below that level.
The headline figure was shy of estimates for an increase of 1.2 percent, although it was up from 0.9 percent in November.
CPI remains below the Bank of Korea's target range of 1.5 to 3.5 percent, which it had lowered this year from 2 to 4 percent in 2012.
On month, inflation added 0.1 percent following the 0.1 percent decline in November.
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