The Republic of Korea saw its fastest rise in consumer prices in over a year in October, government data revealed on Tuesday.
According to the Ministry of Data and Statistics, consumer prices, a key measure of inflation, increased by 2.4 percent year-on-year last month.
This represents the largest annual increase since July 2024, when inflation rose 2.6 percent, Yonhap News Agency reported.
In 2025, inflation had stayed above the Bank of Korea’s 2 percent target for four consecutive months through April, before easing to 1.9 percent in May.
It then rose again, remaining above 2 percent in June and July, before briefly slowing to 1.7 percent in August and climbing back above 2 percent in September.
(Inputs from WAM)
