South Korea Sees a 2% Gain in CPI YoY

“South Korea’s inflation accelerated the most in three months in September after typhoons damaged crops and a holiday boosted demand for food, according to a report nine days before the central bank decides interest rates.

Consumer prices increased 2 percent from a year earlier after a 1.2 percent gain in August, Statistics Korea said today in Gwacheon, south of Seoul. The median estimate in a Bloomberg News survey of 12 economists was for a 1.8 percent gain. Prices rose 0.7 percent from August.”

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