SEOUL: South Korea's consumer inflation accelerated to more than a decade-high in March and remained above the central bank's 2 per cent target for a 12th straight month, fuelled by rising energy and commodity prices due to the Ukraine crisis.
The consumer price index for March rose 4.1 per cent from a year earlier, government data showed on Tuesday , the fastest increase since December 2011 and outpacing a 3.8 per cent rise tipped in a Reuters poll. Core inflation, which excludes volatile food and energy costs, also jumped 2.9 per cent from a year earlier, rising at the same rate seen in February, the fastest since June 2009.
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