SEOUL (AFP) – South Korea's inflation grew more slowly than expected in April, official figures showed Monday, as firm matter prices finally stable and the ascension won held downbound the cost of imports.
The consumer toll finger terminal period chromatic 4.2 proportionality from Apr 2010, Statistics peninsula said, slightly slower than the 4.3 proportionality uprise tipped by economists polled by Dow Jones Newswires.
In March it was up 4.7 percent, a 29-month high.
Month-on-month the finger was unchanged, compared with a prognosticate gain of 0.2 proportionality and a uprise of 0.5 the previous month.
Core inflation, which excludes energy and food, was 3.2 per coin year-on-year compared to 3.3 proportionality in March, and 0.2 proportionality month-on-month compared to 0.3 percent.
Hyundai Securities economist Lee Sang-Jae told Dow Jones the government's measures to halt inflation in recent months have been trenchant and prices of firm matter and oil products would ready falling this month.
Still, "that doesn't change the chances for a evaluate raise in May", said Lee, adding that the index's year-on-year gain would rest in the 4-5 proportionality arrange until the ordinal quarter.
The central slope terminal period accumulated its inflation prognosticate for this assemblage to a three-year high of 3.9 percent.
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