Korea's inflation rises to 2.1% in March

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Cass beer packs are shown by customers shopping at a wholesale store in Seoul on March 30. [NEWS1]
Cass beer packs are shown by customers shopping at a wholesale store in Seoul on March 30.

Korea’s headline inflation edged up in March, partially led by rising prices in food products and services.  

The consumer price index (CPI) rose 2.1 percent last month from a year ago, according to data released by Statistics Korea on Wednesday. The figure represents a slight rise from February's 2 percent lift.

This marks the third month in a row for the annual CPI increase to remain in the 2 percent range.

Core inflation, which excludes volatile food and energy prices, came in at 1.9 percent in March, compared to 1.8 percent a month prior.

The cost of living index, which tracks changes in the prices of 144 frequently purchased consumer goods and services, rose 2.4 percent, a deceleration from the previous month’s 2.6 percent.

BY SHIN HA-NEE [shin.hanee@joongang.co.kr]