South Korean Core Consumer Price Index Records Lowest Increase in over Three Months

South Korean March Core CPI Update

The core Consumer Price Index (CPI) in South Korea for March showed a year-on-year rise of 2.4%, marking its slowest increase since December 2021. This was below the expected 3.1% and the previous 2.5% increase. The headline CPI for March came in at 3.1% year-on-year and 0.1% month-on-month, missing the expected month-on-month increase of 0.3%.