South Korea Inflation Rises to 3.1% in August, Driven by Fuel and Fees
South Korea's annual consumer price inflation accelerated to 3.1 percent in August, primarily due to higher energy costs and mobile subscription charges. Economists note that underlying inflation remains moderate once these temporary factors are excluded.
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Consumer prices up 3.1% in Aug. on fuel, mobile subscription fees
South Korea's consumer prices moved up 3.1 percent in August from a year earlier as oil prices remained elevated, along with higher mobile service subscription charges due to a low base effect from large-scale discounts offered last year following a hacking incident, data showed Wednesday. According to data from the Ministry of Data and Statistics, consumer price growth reached above 3 percent in August, accelerating from a 2.8 percent on-year rise in July. The consumer price increase came to 3.
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