off-the-wire

South Korean consumers' inflation expectations fall to 11-month low

Kitco Media
By Reuters
Published:
Updated:
Reuters
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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.