South Korea’s March Inflation Rate Hits Decade High

South Koreans walk past a food stand at a market in Seoul on Jan. 13, 2011. PARK JI-HWAN/AFP via Getty Images

South Korea’s consumer price index rose 4.1 percent in March, the highest rate in a decade, up from 3.7 percent in February, government data showed on Tuesday.

The 4.1 percent increase is the highest since December 2011, when prices surged 4.2 percent year-on-year, Yonhap News Agency (YNA) reported, citing data from Statistics Korea.