SEOUL, 6th March, 2025 (WAM) -- The Republic of Korea's consumer prices rose at a 2 percent level for the second consecutive month in February, data showed Thursday.
Yonhap News Agency quoted data from Statistics Korea as saying that consumer prices - a key gauge of inflation - increased 2 percent from a year earlier last month. This follows a 2.2 percent on-year rise in January, which marked the steepest on-year increase since July.
Korean consumer inflation has remained below 3 percent since April and below the central bank's 2 percent target since September, when it grew 1.6 percent on-year.
The inflation rate dipped further to 1.3 percent in October before slightly rising to 1.5 percent the following month. The rate came to 1.9 percent in December.