Last month, the consumer price inflation rate remained at the 3% level for two consecutive months.

According to the 'March Consumer Price Trends' announced by Statistics Korea, last month's consumer price index was 113.94, up 3.1% from the same month last year.

The consumer price inflation rate fell to 2.8% in January of this year, rose to 3.1% in February, and has remained in the 3% range for two months.

Last month, agricultural, livestock and fishery products led the overall price increase.

Agricultural, livestock and fishery products rose 11.7%, an increase from 11.4% in February.

Agricultural products rose 20.5%, reaching the 20% range for two consecutive months, following 20.9% in February.

In particular, apples rose 88.2%, a larger increase than the 71.0% in February.

This is the largest increase ever since statistics began in January 1980.

Pears (87.8%) and tangerines (68.4%) also rose significantly.

Petroleum products also rose 1.2% due to oil price instability.

It has been 14 months since oil prices rose 4.1% in January last year compared to the same month last year.

The core price index, excluding food and energy indices, which shows the basic trend of prices, rose 2.4%, and the living price index, which is composed mainly of frequently purchased items and is close to perceived prices, rose 3.8%.

(Photo = Yonhap News)