It roughly matched a 3.75% rise tipped in a Reuters survey. (Reporting by Choonsik Yoo; Editing by Kim Coghill)
SEOUL, May 2 (Reuters) - South Korea's consumer
inflation eased for a third consecutive month to a 14-month low
in April on an annual basis, data showed on Tuesday, supporting
the market's perception that the central bank's policy
tightening cycle is over.
The consumer price index stood 3.7% higher in April than a
year earlier, the Statistics Korea data showed, marking the
slowest growth since February last year and following a 4.2%
increase in March.
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.