South Korea’s inflation grew faster in October, staying above the central bank’s target for the third straight month.
– Korea’s inflation grew at a faster pace in October, staying above 3 percent for the third consecutive month.
– The on-year price growth has picked up pace for the third month in a row.
– Core inflation, which excludes volatile food and energy prices, rose 3.6 percent on-year in October.
– Prices of daily necessities climbed 4.6 percent on-year in October.
– The finance ministry said that inflationary pressure is expected to cool down on the rising agricultural output in autumn.
– Korea is unlikely to achieve this year’s inflation target of 3.3 percent.
Link to the original story: https://koreatimes.co.kr/www/nation/2023/11/488_362393.html?utm_source=fl
About The Author
boB
Well, hey there! The name's boB, and I hail from the humble town of boBsville. I'm a bit of a jack-of-all-trades, you know? I enjoy tinkering around with gadgets, exploring the great outdoors, and meeting new people. If you have any questions or just want to chat, feel free to hit me up!