Inflation eases to 2% range for first time in 3 months in April

The Korea Herald

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Inflation eases to 2% range for first time in 3 months in April

South Korea's inflation rose 2.9 percent in April on-year, marking the first time in three months that the index fell below 3 percent, data showed Thursday. Consumer prices, a key gauge of inflation, fell 0.2 percentage point last month from the reading in March, according to the data from Statistics Korea. In January, inflation fell below 3 percent for the first time since July 2023 to come to 2.8 percent, but high prices of fruits, farm produc…