In April, consumer prices remained flat over the previous month, which was down from the 0.50% price increase recorded in March and the 0.52% increase observed in April 2010. As a result of the monthly price increase, annual inflation stepped down to 4.2% in April, after the 4.7% increase in March which represented the highest level since October 2008. The reading undershot market analysts' expectation of inflation inching down to 4.6%. With April's result, inflation moved closer to the Central Bank's target range of 3.0%1.0 percentage points. Nonetheless, the annual reading represented the fourth consecutive month where inflation sits above the target range. That said, the core inflation index, which excludes more volatile items such as fresh food and energy, added 0.17% over the previous month, which was down from the 0.26% increase recorded in March. As a consequence, annual core inflation inched down from 3.3% in March to 3.2% in April. The Central Bank expects inflation to end the year at 3.9% in 2011, before stepping down to 3.4% by the end of 2012.
Inflation moderates in April
May 2, 2011
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Korea Economic News
October 13, 2016
At its 13 October monetary policy meeting, the Bank of Korea (BoK) announced that it will hold the base rate constant at a record low of 1.25%, which was largely in line with market expectations.
October 5, 2016
In September, consumer prices rose 0.6% over the previous month, which contrasted the 0.1% decrease in August and overshot the 0.2% increase the markets had expected.
October 3, 2016
Korea’s Customs Services reported that exports totaled USD 40.9 billion in September, which represented a 5.9% contraction over the USD 43.4 billion recorded in the same month last year.
September 30, 2016
Activity in Korea’s manufacturing sector deteriorated significantly in Q3.
September 30, 2016
The forward-looking business confidence indicator (BSI) for the manufacturing sector produced by the Bank of Korea (BoK) rose from 74 points in September to 75 points in October.