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Financial News: South Korea Inflation Climbs 2.6% On Year In

South Korea Inflation Climbs 2.6% On Year In August

09/01/2021 - 19:20:00 (RTTNews)

(RTTNews) - Consumer prices in South Korea were up 2.6 percent on year in August, Statistics Korea said on Thursday.

That was unchanged from the July reading, although it exceeded expectations for 2.3 percent.

On a monthly basis, consumer prices rose 0.6 percent - also beating forecasts for 0.3 percent and up from 0.2 percent in the previous month.

Core CPI, which excludes volatile food prices, rose 0.3 percent on month and 1.3 percent on year after gaining 0.4 percent on month and 1.2 percent on year in July.

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