Oil Drives South Korean Inflation Higher, But Government Curbs Keep It Contained

ING Economic and Financial Analysis5.29K FollowersFollow5ShareSavePlay(3min)CommentsSummarySouth Korea’s consumer price inflation rose in March, but less than the market consensus.Government measures are keeping consumer price pressures in check for now, but we expect inflation to strengthen in the coming months.The Bank of Korea will take a wait-and-see approach at its April meeting. DancingMan/iStock via Getty Images By Min Joo Kang, Senior Economist, South Korea and Japan Government measures helped to absorb price shocks partly South Korea’s consumer price inflation rose 2.2% year-on-year in March (vs. 2.0% in February, 2.3% market consensus). On a monthly basis, prices rose 0.3%, below theThis article was written byING Economic and Financial Analysis5.29K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.