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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.

  1. Consumer prices up 2.8% in October, remain in 2% range for 2nd month Korea Times · 2026-11-03
  2. Korea's Consumer Prices Rise 2.8% as Government Rolls Out Kimchi Discounts Business Korea · 2026-11-03
  3. (2nd LD) Consumer prices up 2.8 pct in Oct., remain in 2 pct range for 2nd month Yonhap · 2026-11-02
  4. BOK sees consumer inflation remaining near 3% in November Korea Times · 2026-11-03

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