Soaring inflation data continues - South Korea core inflation highest in 9 years

Inflation data from South Korea for April 2022

  • headline CPI +0.7% m/m and +4.8% y/y, its highest since October 2008
  • core CPI +3.1% y/y, its fastest since May 2009

SK finance minister says the higher inflation pressure will continue for a while. Price reises being led by energy and food prices.

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