South Korean consumer prices rose 2.9 per cent from a year earlier in September, down from 3.1 per cent in August. The overall price level still increased 0.3 per cent during the month. Excluding food and energy, annual inflation slowed to 2.8 per cent, while transport remained one of the categories with the strongest annual increases.
Consumer prices in South Korea increased 2.9 per cent from a year earlier in September. Its statistics ministry released the monthly figures on 2 October. Annual inflation had been 3.1 per cent in August.[1], [2]
The overall price level rose 0.3 per cent during September. The headline index reached 120.43 on a scale where 2020 equals 100, compared with 120.05 in August. The annual slowdown thus accompanied another monthly increase in consumer prices.[1]
Food and non-alcoholic beverages rose 1.4 per cent monthly, while housing, water, electricity, gas and other fuels increased 1.1 per cent. Transport and restaurant and hotel prices each fell 0.4 per cent. Clothing and footwear and education were unchanged. These expenditure-category figures are not seasonally adjusted.[1]
Excluding food and energy, prices increased 2.8 per cent annually, down from 3.4 per cent in August, and fell 0.1 per cent monthly. The broader index covers 458 items with different expenditure weights. Transport prices were still 7.7 per cent higher than a year earlier; recreation and culture rose 5.8 per cent.[1]
