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South Korea's consumer prices rose 2.8 percent in October from a year earlier, remaining in the 2 percent range for the second consecutive month, according to data released on November 3. Yonhap reports the increase was driven by processed food and petroleum product prices, while agricultural product prices continued to decline despite elevated energy costs. The Bank of Korea expects consumer inflation to rise into the high 2 percent range in November due to an upward trend in core inflation, as reported by the Korea Times. Meanwhile, Business Korea notes that despite stronger growth outlook and exports, sentiment reflected in economic news fell to a seven-month low, suggesting the price data has not boosted public confidence.