Korea’s inflation rate slows in May due to plunging produce prices

Korea’s inflation rate slows in May due to plunging produce prices


Korea’s inflation rate slowed last month,…
as prices for fresh farm produce plunged… and utilities fell.
Statistics Korea says… consumer prices rose zero-point-eight percent in May from a year
earlier,… down from the one percent growth posted in April.
The prices of agricultural goods fell around 28 percent last month.
Petroleum products continued to pull prices down overall,… falling over eleven percent
from a year ago. Core inflation,… which excludes volatile
agricultural and oil products, however, was up one-point-six percent.

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