South Korean y/y CPI in April has hit its highest since August of 2017

There will, of course, be a substantial y/y base effect in this from April of 2020.

Mix in supply chain issues and the number has popped to its highest in around 3.5 years.

April 2021 CPI +2.3% y/y

• +0.2% m/m

The core measure is +1.4% y/y