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Korea October consumer prices rise 2.8% for second month

South Korea's consumer prices rose 2.8 percent in October from a year earlier, staying in the 2 percent range for the second consecutive month, data showed Tuesday. Agricultural product prices continued to decline while energy costs remained elevated, according to the Ministry of Economy and Finance data reported by Yonhap and the Korea Times. The Bank of Korea said consumer prices are expected to rise into the high 2 percent range in November due to an upward trend in core inflation.

  1. Consumer prices up 2.8% in October, remain in 2% range for 2nd month Korea Times · 2026-11-03
  2. (2nd LD) Consumer prices up 2.8 pct in Oct., remain in 2 pct range for 2nd month Yonhap · 2026-11-02
  3. BOK sees consumer inflation remaining near 3% in November Korea Times · 2026-11-03

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