The South Korean consumer confidence has decreased to the lowest level in five months after the stock market declined that works to hurt the outlook for the economic growth in S. Korea along with the accelerating inflation hurt the purchasing process in the nation.

The index fell to 99 during the month of August, from 102 in July. The actual reading is below 100 level, which indicates people are more pessimistic than the average between the first quarter of 1999 and the second quarter of 2008.