Korea: Inflation holds stable in April
Latest reading: Inflation was stable at March’s 2.1% in April, close to the Central Bank’s 2.0% target and in line with market expectations. While transport prices fell in April amid lower energy costs, food price pressures rose.
Annual average inflation edged down to 2.0% in April (March: 2.1%). Meanwhile, core inflation ticked up to 2.1% in April from March’s 1.9%.
Finally, consumer prices increased 0.08% in April over the previous month, below the 0.18% rise seen in March. April’s result marked the weakest reading since November 2024.