The Magazine for Asian Investors
According to South Korea’s National Bureau of Statistics, the consumer price index (CPI) rose 5.7% year on year in August. This was a slower increase than in July (6.3%) and below analysts’ expectations of a 6.1% rise.
South Korea’s CPI slowed in August for the first time in 7 months.
The global drop in oil prices signals that inflation may have peaked in South Korea.
Month-on-month, the CPI fell 0.1% in August, the first decline since November 2020, below analysts’ expectations for a 0.3% increase.