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The rate of increase in consumer prices last month has slowed considerably.
The view that October was the peak is gaining momentum.
Reporter Jo Ki-ho reports.
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Consumer prices rose 5.0% in November compared to the same month last year.
[Unseon Eo/Director of Economic Trends and Statistics, National Statistical Office: Compared to the same month last year, it increased by 5.0%, and the increase was reduced by 0.7% P compared to the previous month.] The reason for the decline
in the price of agricultural products was the decrease in the price of agricultural products.
By item, agricultural and marine products recorded a 5.2% increase in October, but only a 0.3% increase in November.
Among them, agricultural products fell by 2.0%, especially vegetables by 2.7%.
Industrial products are also seeing a slowdown in growth.
Among them, the rate of increase in petroleum products rose by nearly 40% in June, but gradually decreased due to the oil tax cut, rising only from 10.7% in October to 5.6% last month.
However, electricity, gas and water rose 23.1%, maintaining the same level as in October.
Services rose 4.1%, and personal services in particular jumped 6.2%, but compared to October's 6.4%, it fell slightly.
The National Statistical Office explained that "electricity, gas, water prices and personal services maintained an upward trend, but the rate of increase in agricultural, livestock and marine products and petroleum products has slowed significantly, and the rate of increase in prices has decreased compared to October."
On the face of it, the view that October was the peak for prices and that there is only going to be a downward trend is gaining momentum.
However, since last May, the rate of increase has not fallen below the 5-6% range, which is the high price range, so the authorities' continued attention is needed.