The survey of consumer CPI expectations in South Korea is showing some encouragement.
12 month median inflation expected at 4.3% y/y. In jult it was 4.7%.
Like other central banks, the Bank of Korea (South Korea's central bank) does not want high, unanchored CPI expectations.
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More:
Consumer sentiment in August improved to 88.8
- prior 86.0
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I posted on anchored inflation expectations previously if you are interested.
- The argument is that inflation expectations can become self-fulfilling. For example during times of increasing inflation - people see inflation rising so they tend to buy more quickly, thus prompting prices to rise faster. People expect faster inflation (i.e. its 'unanchored' ... rising quickly)
