Consumer prices in Korea rose by 2.4% in November
SEOUL, 2nd December, 2017 (WAM) – Consumer prices in the Republic of Korea rose, exceeding the Bank of Korea’s 2% target for the third month in a row in November, against the backdrop of sharp increases in the prices of agricultural products, fisheries, livestock, and petroleum products, according to government data issued today, Tuesday.
The Korean Yonhap News Agency reported that the Consumer Price Index, a key measure of inflation, increased by 2.4% year-on-year last month, according to data issued by the Korean Ministry of Data and Statistics.
In 2025, inflation remained above 2% for 4 consecutive months through April before slowing to 1.9% in May.
Inflation then rose again, remaining above 2% in both June and July before briefly falling to 1.7% in August, and rising again to above 2% in September and October.
Core inflation, which excludes volatile food and energy prices, rose 2.9% year-on-year in November, marking its highest increase since July last year when it rose 3% year-on-year.
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