inflation Archives | Be Korea-savvy
S. Korea Logs First Drop in Inflation in September, Boosts Odds of Rate Cut

S. Korea Logs First Drop in Inflation in September, Boosts Odds of Rate Cut

SEJONG, Oct. 1 (Korea Bizwire) — South Korea’s headline inflation dropped for the first time in September due to a decline in farm goods and weak demand, the statistics agency said Tuesday, the latest in a series of data backing an additional rate cut for Asia’s fourth-largest economy. South Korea’s consumer prices fell 0.4 percent [...]

Uptrend in Food Prices Forecast to Ease After Presidential Poll

Uptrend in Food Prices Forecast to Ease After Presidential Poll

SEOUL, May 11 (Korea Bizwire) – South Korean food makers are likely to refrain from jacking up their prices following the inauguration of the new government, leading to a let-up in the recent uptrend, analysts said Thursday.  The upbeat prediction comes as the Moon Jae-in government is widely predicted to rein in rising food prices [...]

S. Korea’s Inflation Hits One-Year High in Nov.

S. Korea’s Inflation Hits One-Year High in Nov.

  SEJONG, Dec. 1 (Korea Bizwire) – South Korea’s consumer inflation inched up to a one-year high in November as a drop in oil prices slowed, a government report showed Tuesday, a positive development for Asia’s fourth-largest economy struggling to shake off deflation concerns. The country’s consumer price index gained 1 percent last month from [...]