Consumer prices grew 0.4 percent in April from the same month of last year, after a 0.4 percent on-year gain in March, a 0.5 percent rise in February and a 0.8 percent hike both in January and December 2014, according to the data compiled by the country's statistical office, Statistics Korea.
The 0.4 percent growth in April marks the lowest since a 0.3 percent on-year gain recorded in July 1999.
The Bank of Korea (BOK) has cut its inflation forecast for 2015 to 0.9 percent from an earlier estimate of 1.9 percent.
reporter
Park Sae-jin
swatchsjp@ajunews.com
