Indicators
Korea Inflation Picks Up Less Than Expected in Sign of Stability
- Consumer price index rises 1.5% year on year in November
- Bank of Korea signals more easing if economy slows in 2025
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The pace of South Korea’s consumer inflation picked up less than expected and stayed below the central bank’s target for a third month, in a sign of price stability.
Consumer prices advanced 1.5% in November from a year earlier, accelerating from a 1.3% clip in October, the statistics office reported Tuesday. Economists surveyed by Bloomberg had forecast the pace of price growth would rise to 1.7%.