South Korea Inflation Rises to 3.1 Percent in August
South Korea’s annual consumer price inflation accelerated to 3.1 percent in August, primarily driven by rising fuel and mobile subscription fees. Despite the uptick, the figure remained below economist expectations as policymakers monitor one-off pricing pressures.
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Consumer prices up 3.1% in Aug. on fuel, mobile subscription fees
South Korea's consumer prices moved up 3.1 percent in August from a year earlier as oil prices remained elevated, along with higher mobile service subscription charges due to a low base effect from large-scale discounts offered last year following a hacking incident, data showed Wednesday. According to data from the Ministry of Data and Statistics, consumer price growth reached above 3 percent in August, accelerating from a 2.8 percent on-year rise in July. The consumer price increase came to 3.
By The Korea Herald
Read full article →South Korea inflation quickens on one-off factor, still lower than expected
Read full article →South Korea CPI grows slightly less than expected in August
By Investing.com
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