South Korea inflation rises to 3.1 percent in August
South Korea consumer inflation quickened to 3.1 percent in August from a year earlier due to low-base effects, missing market expectations. The finance ministry expects price pressures to ease this month.
South Korea's CPI rose 3.1% in August from a year earlier, quickening from 2.8% in July due to low-base effects. That reading missed the median forecast for a 3.2% increase in a Reuters poll of economists. The data comes as the central bank maintains tightening pressure to combat persistent inflation risks.
