Seoul, 6 May 2026 – South Korea’s consumer inflation accelerated in April as higher oil prices pushed up transport and energy-related costs, adding pressure on households and complicating the policy outlook for the Bank of Korea.
Consumer prices rose 2.6% year-on-year in April, up from 2.2% in March and marking the fastest pace since July 2024. On a monthly basis, prices increased 0.5%, reflecting the pass-through from higher global energy costs into domestic fuel, transport and service prices.
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