Inflation & Prices
South Korea Inflation Stays Elevated, Paving Way for More Tightening
- Consumer prices rise 5%, a bit slower than analysts forecast
- Central bank may conduct another rate hike next month
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South Korea’s inflation stayed strong enough in December to justify another interest rate hike in the new year as the central bank edges closer to the end of its policy-tightening cycle.
Consumer prices advanced 5% from a year earlier, matching November’s pace, the statistics office reported Friday. Economists had expected inflation to strengthen slightly to 5.1%.