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S. Korea October CPI rises 2.8% for second straight month
South Korea's consumer prices rose 2.8 percent in October from a year earlier, staying in the 2 percent range for a second consecutive month, Yonhap reports. The consumer price index stood at 120.73, according to data released by the national data office on Nov. 3. Agricultural product prices continued to decline, while energy costs remained elevated, with processed foods and petroleum products showing upward trends, the Korea Times and Hankyung report. Despite the stable inflation reading, Business Korea notes that sentiment reflected in economic news fell to a seven-month low, as strong exports and an upgraded growth outlook failed to offset broader concerns.


















