Korea: Inflation rises to 18 month-high in February
March 3, 2016
In February, consumer prices rose 0.5% over the previous month, which came in above the 0.1% rise tallied in January. February’s print mainly reflected higher prices for food and non-alcoholic beverages as well as for clothing and footwear.
Inflation rose from 0.8% in January to 1.3% in February, which marked the highest reading since August 2014. However, inflation remained well below the Central Bank’s target range of 2.5%–3.5%. Annual average inflation inched up from 0.7% in January to 0.8% in February.
Core consumer prices, which exclude fresh food and energy prices, increased 0.3% in February over the previous month, which slightly exceeded January’s 0.2% rise. Regarding annual figures, core inflation rested at January’s 2.1%.