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S.KOREA'S CONSUMER PRICES RISE 4.8% Y-O-Y IN AUG.

AsiaPulse News

| September 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Sept 1 Asia Pulse - South Korea's consumer prices climbed 4.8 per cent year-on-year in August, a government report said.

Prices of everyday goods and services increased 0.9 percent last month from July, and 3.6 per cent on an annual basis in the first eight months of the year, the National Statistical Office (NSO) said.

The relatively steep gains were attributed to hikes in agricultural and meat products as well as various public and private service charges, the state agency said. Consumer prices tend to rise more than usual in July and August, but this year's high crude oil prices were exerting additional pressure.

The monthly NSO report showed that prices for a basket of 156 daily necessities, ...

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