South Korea's consumer inflation dropped to 1.3% in October, the lowest since January 2021.

In October, South Korea's consumer inflation hit its lowest level since January 2021, with the consumer price index rising 1.3% year-on-year, down from 1.6% in September. This marks the second consecutive month inflation remained below 2%. The data, released by Statistics Korea, fell short of economists' expectations for a 1.4% increase and indicated no monthly change from September, potentially influencing future interest rate decisions.

November 04, 2024
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