Friday, March 3, 2017

Skyrocketing petroleum February consumer prices rose 1.9% yoy



[South Korea's Choice Financial newspaper reporter] petroleum prices last month as consumer prices ohreumyeo biggest in five years rose by 2%.

According to the National Statistics Office, the consumer price trend in February, announced three days in February CPI rose 1.9% YoY. Stood up in August last year as consumer prices was 0.5%, 1% from September to December, the bar rises in fresh food prices come until January surged 2.0%.

In a specific item, such as a petroleum gasoline (12.4%), diesel (18.5%) raised 13.3 percent surge, the overall inflation 0.54% points. Petroleum rose by the biggest drop since November 2011 (16.0%).

Whereas in February brought down electricity, water, gas declined 8.3% YoY and 0.35% of the total price points.

Sources inflation excluding agricultural and petroleum rose 1.5%.

The Organization for Economic Cooperation and Development (OECD) based on the origin price index excluding food and energy rose 1.7%.

Vegetables, fruit and fresh food prices were up by 4.8 percent enters digit YoY. Fresh food prices while recording double-digit growth was 1.1% in August last year, right after slowing in six months.

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