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Article: (2nd LD) S. Korea's Consumer Prices Move Up 4.8 Pct Annually in August.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- September 1, 2004
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(ATTN: UPDATES more details; ADDS comments from experts)SEOUL, Sept. 1 (Yonhap) -- South Korea's consumer prices climbed to a 37-month high of 4.8 percent year-on-year in August, a government report said Wednesday.The sharp increase is raising concerns that consumer inflation could reach the 4-percent range by year's end from the mid-3 percent target set by the government. The increase is moreover causing concerns over stagflation.Prices of everyday goods and services increased 0.9 percent last month from July and 3.6 percent on an annual basis in the first eight months of the year, the National Statistical Office (NSO) said. The 0.9 percent ...