Economic Buzz: South Korea Inflation Rises 5.7% On Year In October

2 Nov 2022 , 12:58 PM

Overall consumer prices in South Korea were up 5.7 percent on year in October, Statistics Korea said on Wednesday. On a monthly basis, inflation added 0.3 percent – unchanged from the September reading but above forecasts for a 0.2 percent gain. Core CPI, which excludes the volatile costs for food prices, was up 4.2 percent on year – up from 4.1 percent in the previous month.Powered by Commodity Insights