South Korea's consumer prices shot up at the fastest clip in nearly five years in March. Prices of fresh fruit and vegetables jumped 7.5 percent in March from a year earlier following the winter season.
In particular, prices of tangerines surged 106.2 percent, year-on-year, last month, while cabbage and carrots soared by 91.5 percent and 71.8 percent, respectively.
"The steep inflation is expected to ease in the coming months as the pace of the global oil price hike slowed down to some extent," said Woo Young-Jae, director of the price statistics division at the statistical bureau. "And the supply of agricultural products will expand with the spring season coming soon."
source: koreaherald.com
