South Korea Oct consumer inflation rises 3.8% y/y, more than forecast

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SEOUL : South Korea's consumer inflation accelerated for a third month in October amid higher energy and food costs, outpacing market expectations, Statistics Korea data showed on Thursday.The consumer price index increased by 3.

A customer picks up a lunch box at a convenience store in Seoul, South Korea, June 24, 2022. Picture taken June 24, 2022. REUTERS/ Heo Ran/ File photoSEOUL : South Korea's consumer inflation accelerated for a third month in October amid higher energy and food costs, outpacing market expectations, Statistics Korea data showed on Thursday.

The consumer price index increased by 3.8 per cent in October from a year ago, marking the fastest gain since March 2023 and beating a 3.6 per cent gain seen in a Reuters poll. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

 

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