Consumer Prices
South Korea's consumer prices rise 2% in January, slowest pace in five months
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South Korea's consumer prices rose 2 percent year-on-year in January, marking the slowest pace in five months. The slowdown was partly due to stable petroleum product prices, as international crude oil prices fell, according to government data. However, prices for some agricultural and livestock products continued to surge sharply.
South Korea's inflationary pressure eased to the lowest level in five years in 2025, following the sharpest price growth in decades during the post-pandemic period. Consumer prices, a key gauge of inflation, increased 2.1 percent on-year, slightly above the Bank of Korea's 2 percent target. The figure marks the lowest annual level since 0.5 percent in 2020.
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China’s consumer prices rose for a second straight month in November, with the inflation rate hitting its highest level in nearly two years, suggesting that persistent deflationary pressures may be easing. The increase was largely driven by rising food prices, while factory-gate prices continued to decline. Data from the National Bureau of Statistics shows a 0.7 per cent year-on-year rise in the consumer price index.