South Korea Inflation Rises 2.3% In 2024

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South Korea Inflation Rises 2.3% In 2024

(RTTNews) - Consumer prices in South Korea were up 2.3 percent on year in 2024, Statistics Korea said on Tuesday - moderating from 2.5 percent in the previous year.

For December, inflation rose 0.4 percent on month versus expectations for an increase of 0.2 percent following the 0.3 percent contraction in November.

On a yearly basis, consumer prices rose 1.9 percent 0 exceeding expectations for 1.7 percent and up from 1.5 percent a month earlier.

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South Korea Export Prices Rise 0.7% In August

South Korea Export Prices Rise 0.7% In August

Export prices in South Korea were up a seasonally adjusted 0.7 percent on month in August, the Bank of Korea said on Tuesday - after adding 0.8 percent in July.
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Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
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