Monday, April 4, 2011

Current Inflation in South Korea

South Korea inflation soars to a 29-month high in March

Rising food costs are threatening growth in many of Asia's biggest economies
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Global Economy

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South Korea's inflation rate hit a 29-month high in March as higher fuel and food costs continued to push consumer prices upwards.

The Consumer Price Index rose by 4.7% in March from a year ago, according to the statistical office.

This is the second consecutive month that inflation has been above the central bank's maximum target of 4%.

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