S. Korea's consumer prices grow 1.2 pct on-year in April

South Korea's consumer prices increased at a slower pace in April than a month earlier, keeping its on-year growth in the 1-percent range for the sixth straight month, a government report showed Wednesday.

The country's consumer prices index rose 1.2 percent on-year in April, slowing from a 1.3 percent on-year gain in the previous month, according to the report by Statistics Korea. From a month earlier, it dropped 0.1 percent.

The on-year figure represents the sixth straight month since November that the price growth has stayed in the 1-percent range.