Green Asia

South Korea Sept consumer inflation +3.7% y/y, higher than forecast


SEOUL : South Korea’s consumer inflation accelerated for a second month in September, outpacing market expectations, official data showed on Thursday.

The consumer price index stood 3.7 per cent higher in September from a year earlier, after recording a 3.4 per cent rise in August. Economists in a Reuters survey had expected the figure to stay unchanged.

On a monthly basis, the index rose 0.6 per cent, according to Statistics Korea, compared with a 1.0 per cent jump the previous month and a median 0.3 per cent forecast.


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