South Korea Sept consumer inflation +1.6% y/y, way below forecast

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SEOUL : South Korea's consumer inflation cooled more than expected in September and hit the weakest level since early 2021, official data showed on Wednesday.

The consumer price index rose 1.6 per cent in September from a year earlier, after a rise of 1.9 per cent in August, according to Statistics Korea.

FILE PHOTO: A woman shops at a market in Seoul, South Korea, July 26, 2016.

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Category: EconomyBusiness

Markets: SingaporeSouth KoreaOman

Topics: Korea September South Weakest Seoul 2021 Cent Sept Inflation Expected Consumer

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 07:06:20 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 195 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22843756

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