South Korea headline inflation at 2.4% y/y, bolstering case for rate pause
Inflatie
South Korea's consumer prices rose 2.4% in November from a year earlier, driven by higher food and services costs, bolstering the case for the Bank of Korea to maintain interest rates at the current level for longer. The consumer price index was roughly in line with median forecasts for a 2.35% figure, but stayed above the BOK's inflation target level of 2% for a third straight month. An index on prices of agricultural and fishery products increased 5.6% from a year earlier, mainly because
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