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.
By Kwanwoo JunSouth Korea's headline inflation rose above 3% again in August after easing the previous month, supporting the central bank's back-to-back rate increases to curb price pressures.The acceleration could bolster the case for the Bank of Korea to step up the pace of policy tightening.
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