South Korea April Inflation Hits Highest Level Since 2024
South Korean inflation rose to 2.6% in April, the highest since 2024. Rising oil prices drove the gain, leading the central bank to consider future rate hikes.
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South Korea consumer inflation rose 2.6% in April, the steepest year-on-year increase in nearly two years. The figure matched Reuters forecasts and accelerated from 2.2% in March following a surge in energy costs. Rising price pressure strengthens the case for the central bank to hike interest rates to maintain currency stability.
