Financial News: South Korea Inflation Unchanged On Month In October

11/04/2024 - 22:26:00 (RTTNews)

(RTTNews) - Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in October, Statistics Korea said on Tuesday.

The was shy of expectations for an increase of 0.2 percent and down from 0.1 percent in September.

On an annualized basis, inflation was up 1.3 percent - again missing forecasts for 1.4 percent and down from 1.6 percent in the previous month.

Core CPI added 0.2 percent on month and 1.8 percent on year after slipping 0.2 percent on month and gaining 2.0 percent on year in September.

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