Korea: Inflation edges up
February 1, 2013
In January, consumer prices added 0.6% over the previous month, which tripled the 0.2% increase recorded in December. Annual inflation inched up from 1.4% in December to 1.5% in January, which was in line with market expectations, but remained below the Central Bank's target range of 3.0% plus/minus 0.5 percentage points for the third consecutive month.
The core inflation index, which excludes more volatile items such as fresh food and energy, rose 0.4% over the previous month, following the 0.2% increase observed in December. Annual core inflation, however, remained unchanged at December's 1.2%.
The Central Bank expects inflation to average 2.7% this year.