Economy 1 MIN READ

S.Korea March inflation accelerates to 4.1%, fastest since Dec 2011

April 5, 2022By Reuters

South Korea’s consumer inflation accelerated to more than a decade-high in March and remained above the central bank’s 2% target for a 12th straight month, fuelled by rising energy and commodity prices due to the Ukraine crisis.

The consumer price index (CPI) for March rose 4.1% from a year earlier, government data showed on Tuesday, the fastest increase since December 2011 and outpacing a 3.8% rise tipped in a Reuters poll. nL3N2VW1L3

Core inflation, which excludes volatile food and energy costs, also jumped 2.9% from a year earlier, rising at the same rate seen in February, the fastest since June 2009. nL2N2V63C2

(Reporting by Joori Roh
Editing by Chris Reese)

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