According to The Korea Herald, Bank of Korea Deputy Governor Lee Ji-ho stated at a meeting reviewing inflation trends that the inflation rate in November is expected to remain in the upper 2% range, influenced by rising core inflation and international oil prices, among other factors. He noted that improved agricultural product supply in October slowed the rise in consumer prices, but prices for private services and durable goods remained high. The above represents the central bank's forecast for November, not the officially released CPI for that month.