South Korea's CPI rose 2.8% year-on-year in October, remaining in the 2% range for the second consecutive month.
South Korea's consumer price index (CPI) rose 2.8% year-on-year in October, slowing from 2.9% in September and 3.1% in August, according to data released by Statistics Korea on Tuesday. While agricultural product prices continued to decline, energy costs remained high, with petroleum product prices surging 14.9% year-on-year, contributing 0.56 percentage points to the CPI.
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