South Korea Inflation Holds Steady At 1.3%

Consumer prices in South Korea were up 1.3 percent on year in November, Statistics Korea said on Thursday.

That was shy of forecasts for 1.5 percent, although it was unchanged from the October reading.

On a monthly basis, inflation eased 0.1 percent after gaining 0.1 percent a month earlier.

Core inflation was up 0.2 percent on month and 0.7 percent on year after gaining 0.1 percent on month and 0.5 percent on year in the previous month.

The material has been provided by InstaForex Company -