South Korea August inflation accelerates above 3% again
South Korea’s headline inflation rose above 3% in August after easing the prior month, supporting the Bank of Korea’s back-to-back rate increases to curb price pressures.
South Korea's headline inflation climbed back above 3% in August after easing in the previous month, reinforcing the case for the Bank of Korea's back-to-back rate increases aimed at curbing price pressures. The faster pace of inflation may also strengthen arguments for the Bank of Korea to step up policy tightening.