(MENAFN- Qatar News Agency) Seoul May 01 - South Korea's consumer prices grew at the fastest pace in eight months last month though the price growth generally remained flat at the 1% level.
Statistics Korea said on Thursday that the country's consumer price index rose 1.5% this April compared to last April the fastest year-on-year rise since August last year according to Korea's (KBS WORLD) website.
Prices of pork and imported beef jumped 28% and 13% respectively last month from a year ago.
Gas and electricity prices rose 6.5% and 2.7% respectively while home rental prices also gained 2.5%.
However prices of Chinese cabbage and garlic plunged 66% and 25% each while gasoline prices dropped 3.8% last month.
The consumer price growth remained at around 1% over the past few months. The growth slightly increased from March at 1.3%.
Consumer price growth has been hovering at around 1% for 18 months in a row well under the Bank of Korea's target of 2.5% to 3.5%.
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