Economic Indicators

South Korea Oct headline inflation weakest since early 2021

2024.11.04 18:46

SEOUL (Reuters) – South Korea’s consumer inflation in October hit the weakest level since January 2021, official data showed on Tuesday.

The consumer price index rose 1.3% in October from a year earlier, after a rise of 1.6% in September, according to Statistics Korea.

© Reuters. FILE PHOTO: 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 Photo

It was weaker than a median 1.4% increase tipped in a Reuters poll of economists and marked the weakest annual increase since January 2021.

The index was unchanged on a monthly basis from September, also weaker than a 0.2% gain tipped in the poll.



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