South Korean Inflation accelerated in February after three months of declines | Forexlive

More evidence for the argument that the ‘last mile’ decline in inflation could be a prolonged process. South Korea’s February Consumer Price Index (CPI) + 3.1% y/y, fastest jump since September

• expected +2.9%, prior +2.8% in January
• for the m/m came in +0.5%, prior +0.4%

Core inflation +2.5% y/y in February

—

If this ‘last mile’ issue is also going to be in play in other economies, maybe the eurozone and the US, for example, it’ll impact central bank decisions ahead. Slower to come rate cuts is the thinking.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://www.forexlive.com/news/south-korean-inflation-accelerated-in-february-after-three-months-of-declines-20240305/