Economic Indicators
South Korea Dec consumer inflation +3.2% y/y, weaker than expected
2023.12.28 18:25
© Reuters. FILE PHOTO: Lee Sang-jae, owner of a meat restaurant, cuts meat at a restaurant in Seoul, South Korea, June 23, 2022. Picture taken June 23, 2022. REUTERS/ Heo Ran/File photo
SEOUL (Reuters) – South Korea’s annual consumer inflation eased for a second month in December to 3.2%, official data showed on Friday.
The December consumer price index (CPI) at 3.2% came after a rise of 3.3% in November, and was weaker than a median 3.3% rise tipped in a Reuters survey.
The index flatlined on a monthly basis.
For the 2023 full year, consumer inflation eased to 3.6% from 5.1% in 2022.
