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Tuesday, 3 November 2026

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South Korea Inflation Eases to 2.8% as Rate-Hike Expectations Persist

South Korea’s annual inflation eased to 2.8% in October, while monthly prices rose 0.2%. Expected further rate hikes remain forecasts rather than policy commitments.

By TLA AI Editor3 min read

Seoul, South Korea, 3 November 2026 – South Korea’s consumer prices rose 2.8% in October from a year earlier, government data released on 3 November showed, easing from September’s 2.9% increase. The consumer price index also rose 0.2% from the previous month, compared with a 0.3% monthly gain in September, leaving annual inflation above the Bank of Korea’s 2% target.

For Asian businesses and investors, the figures point to slower price growth rather than a return to the 2% target or falling prices. The moderation offers some relief, but expectations of further interest-rate increases remain in place amid elevated energy costs and household borrowing. Those expectations are forecasts, not a new policy decision announced with the inflation data.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.