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South Korea Inflation Rises 2.3% On Year In July
(RTTNews) - Consumer prices in South Korea were up 2.3 percent on year in July, Statistics Korea said on Wednesday, touching a two-year low.
The July reading was shy of expectations for 2.4 percent and down from 2.7 percent in June.
On a monthly basis, consumer prices rose 0.1 percent - also below forecasts for a gain of 0.2 percent following the flat reading a month earlier.
Core CPI, which excludes the volatile price of food, slowed to an annual 3.3 percent in July from 3.5 percent in June.
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South Korea Current Account Surplus $13.47 Billion In September
South Korea posted a current account surplus of $13.47 billion in September, the Bank of Korea said on Wednesday - up from $9.15 billion.
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South Korea Inflation Rises 0.3% In October
Consumer prices in South Korea were up a seasonally adjusted 0.3 percent on month in October, Statistics Korea said on Tuesday.
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South Korea PMI Sinks In October - S&P Global
The manufacturing sector in South Korea fell into contraction territory in October, the latest survey from S&P Global revealed on Monday with a Performance of Manufacturing Index score of 49.4.
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South Korea GDP Growth Fastest In 1 1/2 Years
South Korea's economy logged its fastest growth in one-and-a-half years in the third quarter, thanks to robust consumption and exports. Gross domestic product grew 1.2 percent from a quarter ago, advance estimate from the Bank of Korea showed on Tuesday. This followed second quarter's 0.7 percent expansion.
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Bank Of Korea Holds Rate At 2.50%
The Bank of Korea retained its interest rate on Thursday as inflation remained stable and economic growth continued to improve amid rising concerns over the heated property market. The Monetary Policy Board of the Bank of Korea decided to leave the Base Rate unchanged 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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South Korea Producer Prices Rise 0.4% In September
Producer prices in South Korea were up 0.4 percent on month in September, the Bank of Korea said on Wednesday - after slipping 0.1 percent in August.
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South Korea Inflation Jumps 0.5% In September
Consumer prices in South Korea were up a seasonally adjusted 0.5 percent on month in September, Statistics Korea said on Thursday.
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South Korea August Current Account Surplus $9.15 Billion
South Korea posted a current account surplus of $9.15 billion in August, the Bank of Korea said on Thursday - down from $10.78 billion in July.
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