Financial News: South Korea Consumer Prices Fall 0.3% In November

South Korea Consumer Prices Fall 0.3% In November

12/02/2024 - 20:44:00 (RTTNews)

(RTTNews) - Consumer prices in South Korea were down a seasonally adjusted 0.3 percent on month in November, Statistics Korea said on Tuesday.

That was unchanged from the October reading but missed forecasts for a decline of 0.2 percent.

On a yearly basis, inflation was up 1.5 percent - beneath expectations for an increase of 1.7 percent but up from 1.3 percent in the previous month.

Core CPI, which strips out the volatile costs of food, was flat on month and up 1.9 percent on year after adding 0.2 percent on month and 1.8 percent on year in October.

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