South Korea March inflation slows to 4.2%, lower than expected

April 04, 2023 09:03 AM AEST | By Reuters
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SEOUL (Reuters) - South Korea's consumer inflation eased to a one-year low in March and came slightly lower than economists' expectations, official data showed on Tuesday.

The consumer price index stood 4.2% higher in March than a year earlier, compared with gains of 4.8% in February and 4.3% forecast in a Reuters survey.

It was the slowest annual rise since March 2022.

The index rose 0.2% on a monthly basis, after a 0.3% rise in the previous month, according to the Statistics Korea. Economists had expected the index to rise 0.2% in the survey.

(Reporting by Jihoon Lee; Editing by Sandra Maler)


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