South Korea's composite consumer sentiment index declined to 84 in March from 85 in the previous month, a report by the Bank of Korea said.

The report said consumer confidence fell on consumers concerns of employment stability, inflation and falling income.

In March, consumer sentiment on current living standards fell to 70 from 75, while consumer sentiment on the prospective living standards declined 2 points to 78.

Consumer's sentiment regarding the domestic economic situation slipped to 35 from 38, while the expectations of domestic economic situation for the next six months dropped to 64 from 65.

Consumer's sentiment regarding expected changes in the total household income fell one point to 82, while the sentiment regarding the spending plan remained unchanged at 91.

Meanwhile, consumer sentiment regarding prospective price increased 14 points to 128 in March, and the sentiment measuring expected inflation for the year ahead increased one percentage point to 4.2%.

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