South Korea’s Inflation Cools Even as Weak Won Stokes Import Costs

South Korea’s consumer inflation stayed above the central bank’s target for a fourth straight month, even as price growth cooled slightly on slower increases in food and broader living costs.

Growth in consumer prices slowed to 2.3% in December from a year earlier, decelerating from a 2.4% pace in November, the Ministry of Data and Statistics said Wednesday. The result was in line with the median forecast of 2.3% in a Bloomberg survey of economists.