South Korea core inflation rate slows further – lowest in over two years

<p>January 2024 inflation data from South Korea, the slowing rates are aligning with what we are seeing in other economies.</p><ul><li>
Consumer price index +2.8% y/y (expected +2.9%)</li><li>Consumer price index
+0.4% m/m (expected +0.4%)</li><li>Core CPI +2.5% y/y
vs +2.8% in December 2023</li><li>January CPI marks
slowest rise y/y since July 2023</li><li>January core CPI
marks slowest rise y/y since December 2021</li></ul><p>USD/KRW update </p>

This article was written by Eamonn Sheridan at www.forexlive.com.