South Korean February headline CPI comes in above expected at +2.0% y/y

South Korea's consumer inflation in February 2025

CPI +2.0% y/y

• expected +1.95%, prior +2.2%
• for the m/m +0.3% (expected +0.2%)

Core CPI +1.8% y/y

• prior +1.9%

The Bank of Korea cut interest rates last month. Their medium-term inflation target is 2%.