South Korea's annual inflation accelerated to an 11-month high in October, raising the hurdle to further monetary easing as the central bank showed it was wary about taking borrowing costs even lower amid rising household debt and external risks.
The consumer price index rose 0.9% in October from a year earlier, Statistics Korea data showed on Tuesday, driven by rising prices in the services sector. It was up from a 0.6% increase in September, and marked the fastest rise since a 1% gain in November last year.
Annual core inflation rose 2.3% from 2.1% in September, the highest since February this year.
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The consumer price index rose 0.9% in October from a year earlier, Statistics Korea data showed on Tuesday, driven by rising prices in the services sector. It was up from a 0.6% increase in September, and marked the fastest rise since a 1% gain in November last year.
Annual core inflation rose 2.3% from 2.1% in September, the highest since February this year.
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