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South Korea March inflation +2.1% y/y, slightly above forecast

Summary by WTVB
SEOUL (Reuters) – South Korea’s consumer prices rose 2.1% in March from a year earlier, after a rise of 2.0% in February, government data showed on Wednesday. That was also slightly higher than a median 2.0% increase forecast in a Reuters poll of economists. The Bank of Korea, which targets inflation at 2.0% in the medium term, lowered interest rates by 25 basis points at its last meeting in February to support economic growth and said there wou…

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South Korea March inflation +2.1% y/y, slightly above forecast

SEOUL (Reuters) – South Korea’s consumer prices rose 2.1% in March from a year earlier, after a rise of 2.0% in February, government data showed on Wednesday. That was also slightly higher than a median 2.0% increase forecast in a Reuters poll of economists. The Bank of Korea, which targets inflation at 2.0% in the medium term, lowered interest rates by 25 basis points at its last meeting in February to support economic growth and said there wou…

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Financial PostFinancial Post
Lean Right

South Korea's Inflation Picks Up, Backing Case for BOK Pause

(Bloomberg) — South Korea’s consumer inflation unexpectedly accelerated as weakness in the won helped boost import costs, giving the central bank an incentive to pause its monetary easing campaign when authorities gather to set policy later this month.

·Canada
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BloombergBloomberg
Lean Left

South Korea’s Inflation Picks Up, Backing Case for BOK Pause

South Korea’s consumer inflation unexpectedly accelerated as weakness in the won helped boost import costs, giving the central bank an incentive to pause its monetary easing campaign when authorities gather to set policy later this month.

·United States
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businesskorea.co.krbusinesskorea.co.kr

Consumer Prices Rise Above 2% for Third Consecutive Month

Kim Woong, deputy governor of the Bank of Korea, stated on April 2 that the rise in consumer prices in March was mainly due to increases in processed food prices and university tuition fees. At a price monitoring meeting, Kim analyzed the March inflation data, noting, “Moving forward, consumer price inflation is expected to remain stable around the 2% target, with core inflation continuing to rise at a high 1% level. Upward factors such as a wea…

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Business TimesBusiness Times

South Korea’s inflation picks up, backing case for BOK pause

South Korea’s consumer inflation unexpectedly accelerated as weakness in the won helped boost import costs, giving the central bank an incentive to pause its monetary easing campaign when authorities gather to set policy later this month.

Read Full Article
Korea JoongAng DailyKorea JoongAng Daily

Korea's inflation picks up to 2.1 percent in March

Korea’s headline inflation edged up in March, partially led by rising prices in food products and services.

·Seoul, Korea, Republic of
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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Bloomberg broke the news in United States on Tuesday, April 1, 2025.
Sources are mostly out of (0)

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