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Home » Forex and Currency News » South Korea’s CPI inflation lowest since June

South Korea’s CPI inflation lowest since June

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated:

Annual consumer price inflation in South Korea has decelerated to 3.2% in December from 3.3% in November, data by Statistics Korea showed.

It has been the lowest CPI inflation reading since June, mostly due to a slowdown in the cost of food.

In comparison, market consensus had pointed to a slowdown to 3.26%.

In month-over-month terms, South Korean consumer prices remained without change in December, after a 0.5% drop in November. The latest inflation print missed market expectations of a 0.2% increase.

The South Korean Won was little changed on the day against the US Dollar, with the USD/KRW currency pair last trading at 1,290.35.

The Won held in proximity to a fresh six-week high of 1,284.35, which it registered during early Asian session.

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