South Korea inflation picks up less than expected in sign of stability

Quick Summary:

Consumer prices advanced 1.5% in November from a year earlier, accelerating from a 1.

Economists surveyed by Bloomberg had forecast the pace of price growth would rise to 1.7 per cent.

At last week’s board meeting, BOK officials also cut the inflation outlook for next year to 1.9 per cent, a revision of 20 basis points from their August view.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Pace Accelerating Prices Growth Month November Cent Months Year Consumer October

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 10:15:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24074697

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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