SEOUL, April 26 (Reuters) - South Korean consumers'
inflation expectations fell in April to the lowest in nearly a
year, a central bank survey showed on Wednesday, while overall
consumer sentiment hit a 10-month high.
The median of consumers' inflation expectations for the next
12 months fell to 3.7% in April from 3.9% in March, according to
the Bank of Korea's monthly survey of consumers. It was the
lowest reading since May 2022.
The consumer sentiment index, meanwhile, rose to 95.1 from
92.0 in the previous month, hitting the highest since June 2022.
Among its sub-indexes, the ones on current living conditions
and future living conditions, which usually show high
correlation with inflation, jumped by 1.1 points and 0.8 point,
respectively, leading the headline figure higher.
(Reporting by Jihoon Lee, Editing by Louise Heavens)
