Consumer prices fell for the 13th straight month in January as local fuel and farm product prices remained weak.
The Commerce Ministry reported yesterday consumer prices, based on 450 products and services, dropped 0.53% year-on-year last month, improving from a 0.85% year-on-year decline in December and a 0.97% decline in November.
Month-on-month, January headline consumer prices dipped 0.26% against 0.39% in December and 0.32% in November. Core inflation, which excludes volatile food and energy prices, rose 0.59% year-on-year last . month, improving from a 0.85% year-on-year decline in December and a 0.97% decline in November.