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Korea's October consumer prices rise 2.8%
South Korea's consumer prices rose 2.8 percent in October from a year earlier, remaining in the upper 2 percent range for the second consecutive month, data from the Ministry of Data and Statistics showed Tuesday. Agricultural product prices continued to decline, but rising petroleum, processed food and dining-out prices kept inflation elevated, Yonhap and the Korea Times report. 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. The government has also rolled out kimchi discounts to help ease price pressures, Business Korea reports.


















