South Korean inflation stays above the target

Note: This section contains information in English only.
Source: BBC

South Korea's inflation stayed above the target of the country's central bank in December. Consumer prices added 4.2% this month on a yearly basis and 0.4% on a monthly basis. The Bank of Korea attempts to slow the inflation to 4% by increasing the interest rates. Analysts are concerned that higher interest rates may accelerate the economic slowdown.

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