South Korea’s 12-month median inflation expectation increased to 2.6% in August from 2.5% in July, according to the central bank.
SOUTH KOREA’S AUGUST CONSUMER SENTIMENT HITS HIGHEST LEVEL SINCE JAN 2018.
SOUTH KOREA’S 12-MONTH MEDIAN INFLATION EXPECTATION RISES TO 2.6% IN AUGUST FROM 2.5% IN JULY — CENTRAL BANK.
South Korea’s consumer confidence strengthened for a second consecutive month in August, with the Bank of Korea’s composite Consumer Sentiment Index rising to 111.4 from 110.8 in July. The reading marks the highest level since January 2018, suggesting households are becoming more optimistic about economic conditions despite lingering external uncertainties. The central bank’s survey also showed 12-month median inflation expectations edging up to 2.6% from 2.5% in the previous month. The uptick may reinforce policymakers’ vigilance over price pressures even as headline inflation remains within the bank’s target range.
