South Korea Inflation Surge
5 articles from 1 country
South Korea's consumer prices surged 3.2% in June, reaching a 30-month high driven by soaring food and agricultural product costs. While July inflation is expected to moderate, it is anticipated to remain elevated.
South Korea’s core inflation hits three-year high, distorted by telecom discount base effect
South Korea’s headline inflation returned to the 3% range in August, but the sharper signal came from core prices. Inflation excluding food and energy rose 3.4% from a year earlier, the highest increase in three years and three months. The country’s consumer price index rose 3.1% year on year, following a 2.8% increase in July. The August figure matched the rate recorded in May and was slightly be…
South Korea’s Inflation Returns to the 3% Range as SKT’s Half-Price Effect Fades
South Korea’s inflation rate moved back above 3% last month after the fading impact of a temporary SK Telecom discount pushed mobile-phone charges sharply higher in annual comparisons. Consumer prices…
Bank of Korea warns underlying inflation will keep rising
The Bank of Korea expects underlying inflation to maintain a persistent upward trend, keeping consumer prices on a high trajectory despite some temporary factors easing in September. At a meeting chai…
South Korea’s consumer prices rise 3.1% in August, returning to 3% range after two months
South Korea’s consumer inflation returned to the 3% range in August, with prices rising 3.1% from a year earlier after reaching 2.8% in July. Prices also increased 0.2% from the previous month. The co…
Consumer prices rise 3.1% in August, returning to the 3% range after two months
South Korea’s consumer prices rose 3.1% in August from a year earlier, bringing inflation back into the 3% range after a one-month dip below it. The National Data Office said the consumer price index …