Korea: Inflation hits highest level since March in September
October 6, 2020
Consumer prices increased 0.66% in September over the previous month, slightly up from the 0.61% increase recorded in August. September's figure was the sharpest increase in prices since September 2018. The reading was largely due to rising prices for food and non-alcoholic beverages as well as for housing and utilities.
Inflation came in at 1.0% in September, up from August’s 0.7%. September's reading represented the highest inflation rate since March. Annual average inflation ticked up to 0.5% in September (August: 0.4%). Core inflation ticked up to 0.9% in the same month from August’s 0.8%.