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Financial News: South Korea Inflation Jumps 0.9% In January

South Korea Inflation Jumps 0.9% In January

02/01/2017 - 18:52:00 (RTTNews)

(RTTNews) - Overall consumer prices in South Korea were up 0.9 percent on month in January, Statistics Korea said on Thursday.

That surpassed forecasts for 0.3 percent and was up sharply from 0.1 percent in December.

On a yearly basis, inflation jumped 2.0 percent - again beating forecasts for 1.5 percent and up from 1.3 percent in the previous month.

Core CPI, which excludes food prices, added 0.6 percent on month and 1.5 percent on year. That followed the 0.1 percent monthly decline and the 1.2 percent yearly gain in December.

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