January 2024 inflation data from South Korea, the slowing rates are aligning with what we are seeing in other economies.
- Consumer price index +2.8% y/y (expected +2.9%)
- Consumer price index +0.4% m/m (expected +0.4%)
- Core CPI +2.5% y/y vs +2.8% in December 2023
- January CPI marks slowest rise y/y since July 2023
- January core CPI marks slowest rise y/y since December 2021
USD/KRW update
