Data published by the Bank of Korea (South Korea's central bank):
- Import price index, in terms of the local won currency, -0.5% y/y in February (prior +1.9% y/y in January)
- the first annual decline since February 2021
- biggest percentage fall in 25 months
- BoK citing lower oil prices
- Export price index -2.7% y/y (prior -1.2%)
- fastest fall since December 2020
Noting this only, another sign of slowing inflation?
