Korea’s consumer prices bounced above 3 percent in August after two months of staying below the range.
Fruits and vegetables are displayed at a wholesale market in Daejeon on Aug. 23. [JOONGANG PHOTO]
Korea’s consumer prices bounced above 3 percent in August after two months of staying below the range.
A rise in international oil prices and impacts of the climate, including heavy rainfall and heat waves, are attributed as the reasons for the 3.4 percent inflation growth last month from a year earlier.
Consumer prices reached 2.7 percent in June and 2.3 percent in July, the lowest in 25 months, after peaking at 6.3 percent in July last year.
![Fruits and vegetables are displayed at a wholesale market in Daejeon on Aug. 23. [JOONGANG PHOTO]](https://img3.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202309/05/koreajoongangdaily/20230905084534181lrqg.jpg)