Korea Inflation Rate Climbs to 20-Month High, Exports Accelerate
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South Korea’s consumer prices grew at the fastest pace in 20 months and exports jumped more than projected, bolstering the case for higher borrowing costs. The won and stocks rose, while bonds fell.
The consumer price index increased 4.1 percent in October from a year earlier, quickening from a 3.6 percent advance in September, the statistics office said in Gwacheon today. Exports grew 29.9 percent, more than the 16.2 percent predicted by seven economists in a Bloomberg News survey, another report showed.