South Korea's consumer prices rise

Seoul, July 2 (IANS) South Korea's consumer prices rose 2.2 percent in June from a year earlier, staying below the midpoint of Bank of Korea (BOK)'s inflation target band of 2-4 percent, a report showed Monday.

Consumer prices advanced 2.2 percent in June from a year before, down from a 2.5 percent on-year gain tallied in the previous month, according to Statistics Korea. From a month earlier, the prices were down 0.1 percent, reported Xinhua.

Core consumer prices, which exclude volatile agricultural and oil product prices, rose 1.5 percent on-year in June, down from a 1.6 percent on-year advance in the previous month, while the OECD-method core CPI, excluding food and energy prices, gained 1.4 percent last month, down from a 1.5 percent increase in May.