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South Korea Inflation Jumps 2.2% On Year In January
(RTTNews) - Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Korea said on Wednesday - exceeding expectations for 2.0 percent and accelerating from 1.9 percent in December.
It also marked the first in five months that the annual inflation rate rose more than 2 percent.
On a seasonally adjusted monthly basis, inflation rose 0.7 percent - also topping forecasts for 0.4 percent, which would have been unchanged.
Core CPI was up 0.5 percent on month and 1.9 percent on year, up from 0.1 percent on month and 1.8 percent on year in December.
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Bank Of Korea Keeps Rates Steady
The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent.
The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
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South Korea Has $10.14 Billion Current Account Surplus
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South Korea Consumer Prices Unchanged In June
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The manufacturing sector in South Korea continued to contract in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 48.7.
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South Korea June Trade Surplus $9.08 Billion
South Korea posted a merchandise trade surplus of $9.08 billion in June, Statistics Korea said on Tuesday.
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South Korea Industrial Output Sinks 2.9% In May
Industrial production in South Korea was down a seasonally adjusted 2.9 percent on month in May, Statistics Korea said on Monday.
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South Korea Consumer Sentiment Strengthens In June
South Korea's consumer confidence strengthened to a four-year high in June on improving domestic economic conditions, survey data from the Bank of Korea showed on Tuesday. The consumer sentiment index advanced to 108.7 in June from 101.8 in the previous month. This was the highest score in four years. The sub-index measuring future domestic economic situation surged 16 points to 107 in June.
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South Korea Export Prices Sink 3.4% In May
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