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Consumer Prices Rise 2.8% in October

South Korea's consumer prices rose 2.8% year-on-year in October, remaining in the upper 2% range for the second consecutive month, according to the Ministry of Data and Statistics. The rise was driven by higher prices for processed food and petroleum, while agricultural product prices declined. The Bank of Korea expects consumer inflation to remain near 3% in November.

  1. Consumer Prices Rise 2.8% in October KBS World · 2026-11-03
  2. Consumer prices up 2.8% in October, remain in 2% range for 2nd month Korea Times · 2026-11-03
  3. Korea's Consumer Prices Rise 2.8% as Government Rolls Out Kimchi Discounts Business Korea · 2026-11-03
  4. BOK sees consumer inflation remaining near 3% in November Korea Times · 2026-11-03

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