SEOUL, Dec. 2 (Xinhua) -- South Korea's consumer price inflation hovered below 1 percent for two straight months on lower oil price and cheaper public services, statistical office data showed Wednesday.
Consumer price index stood at 105.50 in November, up 0.6 percent from a year earlier, according to Statistics Korea.
The headline inflation accelerated from 0.3 percent in July to 0.7 percent in August and 1.0 percent in September each, before slowing down to 0.1 percent in October and 0.6 percent in November respectively.
Price for agricultural, livestock and fishery products soared 11.1 percent in November from a year earlier, but it was down from a 13.3 percent increase in October.
Industrial products price slipped 0.9 percent amid cheaper crude oil, and price for electricity, water and natural gas declined 4.1 percent last month.
Public services price retreated 2.0 percent in November from a year earlier, while private services price went up 1.3 percent.
Core consumer price index, which excludes volatile agricultural and oil products, rose 1.0 percent in November from a year ago. The OECD-method core price, which excludes food and energy cost, added 0.6 percent in the month. Enditem
