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S. Korean consumer price growth stays below under 1% for seventh-straight month in July

2019-08-01 1 Dailymotion

South Korea's consumer price growth remained in the zero-percent range in July,... for the seventh-straight month.<br />According to data released by Statistics Korea on Thursday,... consumer prices rose zero-point-six percent on-year last month.<br />It's the longest stretch of below-one-percent price growth... since the February to November period in 2015.<br />Fruit and vegetable prices fell six-point-four percent on-year, while those of petroleum goods fell five-point-nine percent.<br />Statistics Korea described the ongoing trend as "disinflation",... due to external factors such as climate change and falling energy prices,... rather than low demand.<br />

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