Seoul, July 2 (IANS) South Korea’s consumer prices rose more than 3 per cent from a year earlier for two straight months in June, reflecting the lingering impact of the Middle East war on supply chains and oil prices, data showed on Thursday.Consumer prices, a key gauge of inflation, increased 3.2 percent last month from a year earlier, according to data from the Ministry of Data and Statistics. It marked the sharpest increase since December 2023, when the figure was at the same level.Prices of …
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Seoul, June 30 (IANS) South Korea’s industrial output fell in May from a month earlier due mainly to a decline in chip production caused by a base effect and volume adjustments, data showed on Tuesday, while retail sales rebounded slightly over the period.Industrial production fell 0.3 percent last month from April, according to data from the Ministry of Data and Statistics, extending on-month losses for two consecutive months, reports Yonhap news agency.Output in the mining and manufacturing se…
Seoul, May 29 (IANS) South Korea’s industrial output lost ground in April from a month earlier, data showed on Friday, with retail sales and facility investment sliding amid economic uncertainties stemming from tensions in the Middle East.Industrial production fell 0.6 percent last month from March, according to data from the Ministry of Data and Statistics, reports Yonhap news agency.Output in the mining and manufacturing sector, a key pillar of the economy, shed 0.7 percent from the previous m…
Seoul, May 6 (IANS) South Korea’s consumer prices rose at the fastest pace in 21 months in April, driven by soaring fuel costs amid the Middle East conflict, government data showed on Wednesday.Consumer prices, a key gauge of inflation, increased 2.6 percent from a year earlier last month, according to the data from the Ministry of Data and Statistics. It marks the largest on-year increase since July 2024, when inflation climbed 2.6 percent, reports Yonhap news agency.The latest rise was driven …
Seoul, Jan 30 (IANS) South Korea’s industrial output grew at the slowest pace in five years in 2025, despite strong growth in the semiconductor industry, while retail sales and facility investment showed signs of improvement, government data showed on Friday.Industrial output gained 0.5 percent from a year earlier in 2025, slowing from a 1.5 percent increase the previous year, according to the data from the Ministry of Statistics and Data, reports Yonhap news agency.The 2025 figure marks the wea…