Overview
- Government data show CPI rose 2.4% from a year earlier with a 0.3% monthly gain, the fastest annual pace since July 2024.
- Core inflation excluding food and energy picked up to 2.2% year on year from 2.0% in September.
- Agricultural, livestock and fishery prices jumped 2.3%, adding about 0.25 percentage point to headline inflation, with pork up 6.1% and mackerel up 11%.
- Industrial goods rose 3.5% year on year, services increased 2.5%, and petroleum products climbed 4.8%.
- Analysts say the stronger print is likely to delay anticipated rate cuts, keeping policy restrictive for longer and offering support to the won and short-end yields.