April consumer prices up 2.1% y/y, fourth straight month in 2% range

Consumer prices here have been showing an increase in the two-percent range over the past four months.

According to data from Statistics Korea on Friday, consumer prices in April increased 2.1 percent year-on-year.

The depreciation of the Korean won triggered price increases in processed foods and the cost of dining out.

Notably, prices of processed foods rose by 4.1 percent year-on-year, and prices of dining out went up by 3.2 percent.

In the meantime, the prices of fresh produce fell by 1.9 percent, marking the largest drop since March 2022.