CPI data out of South Korea a few minutes ago.
Headline +3.2% y/y
- prior +2.6%
- highest since January 2012
- +0.1% m/m (prior 0.5%)
Core inflation +2.4% y/y
- prior +1.5%
- highest since December 2015
SK’s central bank has a 2% CPI target, October’s rate is the 7th consecutive month above target
- oil product prices, fresh foods and housing rentals continued to rise