Korea's consumer prices gain 0.7% on-year in July

South Korea's consumer prices rose by less than 1 percent for the third consecutive month in July, government data showed Tuesday, amid a flaccid economic recovery.

The country's consumer price index rose 0.7 percent last month from a year earlier, marking the lowest on-year gain in 10 months, according to the data compiled by Statistics Korea.

The figure grew 0.8 percent on-year both in June and May, after rising 1 percent or more during the February-April period.

From a month earlier, the index edged up 0.1 percent in July.

Core inflation, which excludes volatile oil and food prices, increased 1.7 percent compared with last year, up 0.2 percentage point from a month earlier. (Yonhap)