Korea: Inflation increases in March
Latest reading: Inflation came in at 2.1% in March, which was up from February’s 2.0%. The reading was above market expectations and the Central Bank’s 2.0% target. March’s uptick was due to higher food price pressures.
The trend pointed down mildly, with annual average inflation coming in at 2.1% in March (February: 2.2%). Meanwhile, core inflation ticked up to 1.9% in March from the previous month’s 1.8%.
Lastly, consumer prices increased 0.18% over the previous month in March, which was below the 0.32% increase logged in February.