South Korea’s August Inflation Rises 3.1% Year on Year, Below Expectations
Translated from English and summarized by DistantNews. Read the original for the full story.
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- South Korea’s consumer prices rose 3.1% in August from a year earlier, up from July’s 2.8% increase.
- The annual rise fell short of economists’ 3.2% forecast, while monthly inflation reached 0.2% after a 0.2% decline in July.
South Korea’s consumer prices rose 3.1% in August from a year earlier, government data showed, exceeding July’s 2.8% increase but undershooting economists’ 3.2% forecast.
The consumer price index rose 0.2% from the previous month after falling 0.2% in July. Economists had expected a monthly increase of 0.3%.
About this summary
Originally published by CNA in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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