Economics
Korea Inflation Hits Four-Year High as Pandemic’s Grip Eases
- Reading surpasses economists’ median estimate of 2.1%
- Base effects from pandemic boosted inflation amid recovery
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
South Korea’s inflation accelerated in April to the fastest pace since 2017 amid a broadening economic recovery, but the pickup is unlikely to stoke concerns over excessive price pressure as calendar effects helped buoy the gains.