off-the-wire

South Korea Feb inflation slows to 4.8%, lower than expected

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, March 6 (Reuters) - South Korea's consumer inflation for February came in below expectations and hit the slowest in 10 months, official data showed on Monday.


The consumer price index rose 4.8% in February from a year before, slower than January's 5.2%, according to Statistics Korea.


It was lower than 5.1% tipped in a Reuters poll and marked the slowest annual rise since April 2022.


The index rose 0.3% on a monthly basis, compared with 0.8% in the previous month and 0.5% expected by economists. (Reporting by Jihoon Lee; Editing by Lincoln Feast)

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