South Korea Inflation Steady At 0.4% In April

(RTTNews) - Consumer prices in South Korea were up just 0.4 percent on year in April, Statistics Korea said on Friday, as price growth remained below 1.0 percent for the fifth straight month and fueling increasing concerns of deflation.

That was in line with expectations and unchanged from the previous month, matching the lowest since July 1999, which checked in at 0.3 percent.

CPI added 0.1 percent on month in April.

Core inflation, which strips out the volatile costs of food, advanced 2.0 percent on year and 0.1 percent on month. Core CPI had risen 0.2 percent on month and 2.1 percent on year a month earlier.