South Korea October inflation slows to 2.8 percent
South Korea headline inflation slowed to 2.8 percent year-on-year in October, down slightly from 2.9 percent in September. The consumer price index rose 0.2 percent on a monthly basis. Despite the moderation, inflation remains above the central bank target.
South Korea consumer prices rose 2.8% year-on-year in October, slowing from a 2.9% gain in September. The deceleration matches the 2.85% increase forecast by economists in a Reuters poll.
