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South Korea inflation data for April, slowest y/y rise since February 2022

South Korea inflation data for April, slowest y/y rise since February 2022
South Korea's statistics office with the data for April 2023:CPI + 0.2% m/m (expected +0.25%, February was 0.2%)CPI +3.7% y/y (expected 3.75%, prior 4.2%), this is the third consecutive decline on a y/y basisCore CPI +4.0% (prior +4.0%)While inflation is still above target the slowing is further support for the contention that the Bank of Korea rate hike cycle is over. BoK base rate moves: This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: May 1 2023, 23:08
Author Name: forexlive
Views: 112277

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