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S. Korea's Consumer Price Growth Hits One-Year High in February

Write: 2021-03-04 08:54:03

Photo : YONHAP News

South Korea's consumer prices grew at the steepest pace in one year in February due to a sharp rise in the prices of agricultural and livestock products. 

According to Statistics Korea on Thursday, the consumer price index came to 107 last month, up one-point-one percent from a year earlier. 

It marked the fastest on-year gain since February last year, when the index rose one-point-one percent as well.

Prices of agricultural, livestock and fisheries products jumped 16-point-two percent on-year in February to post the largest growth in a decade. 

In particular, prices of agricultural products rose 21-point-three percent on-year, as scallion prices more than doubled and apple prices jumped 55 percent.

Industrial goods prices, however, dropped point-seven percent on-year, while prices of gas, water and electricity slipped five percent from a year earlier.

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