Full Story via EMW on PiQ Suite
South Korean CPI inflation eases to 1.6% y/y in September on falling transport prices
Core CPI rises by 1.8% y/y compared to 1.9% y/y in August
Fresh food prices stabilize at low 3% y/y growth
CPI print increases odds that BOK will ease in October meeting
CPI inflation eased to 1.6% y/y in September from 2.0% y/y in August, falling below the 2% central bank target for the first time since March 2021, according to data released by the stat office Kostat.
The main reason for weaker inflation print were transport prices which fell by 1.2% y/y in September compared to 1.8% y/y increase in August. At the same time, fresh food prices, which were the main driver of inflation in previous months,”Full Story via EMW on PiQ Suite