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S.Korea's consumer prices rise 1.3 pct in November

Xinhua, December 1, 2016 Adjust font size:

South Korea's consumer prices rose 1.3 percent in November from a year earlier, keeping a growth rate of over 1 percent for three months in a row, a government report showed on Thursday.

The headline inflation hovered relatively high due to higher farm goods prices and rising costs for public and private services.

The consumer price inflation stayed below 1 percent from May to August, rebounding to 1.2 percent in September. The inflation accelerated further to 1.3 percent in October and kept the figure in November.

Service prices gained 1.8 percent in November from a year earlier, raising the overall inflation by 1.0 percentage point.

Prices for agricultural, livestock and fishery products jumped 7.9 percent, pulling up the headline inflation by 0.57 percentage points last month.

Core consumer prices, which exclude volatile agricultural and oil products, gained 1.4 percent over the year in November. The OECD-method core inflation except for food and energy added 1.4 percent, the lowest in 23 months. Endit