South Korea August consumer price index marks slowest rise y/y since November 2024
- South Korea August consumer price index +1.7% y/y (Reuters poll +2.0%)
- South Korea August consumer price index -0.1% m/m (Reuters poll +0.2%)
- South Korea August core (excluding volatile food and energy prices) CPI +1.3% y/y vs +2.0% in July
- the slowest increase since August 2021.
Much weaker CPI data than expected. Both headline and underlying (core).
- Headline CPI nine-month low
- one-off factor of a drop in telecommunication prices cited (telecommunication prices dropped 13.3%, as the country’s biggest mobile carrier SK Telecom provided a discount of 50% for monthly subscription fees to all of its 24 million customers after a data leak.)
This article was written by Eamonn Sheridan at investinglive.com.
