
South Korea March inflation +2.2% y/y, weaker than expected

Asia
South Korea March inflation +2.2% y/y, weaker than expected
by DZRH News02 April 2026
People shop at an Olive Young store in Seoul, South Korea, August 7, 2025. REUTERS/Kim Hong-Ji
SEOUL, April 2 (Reuters) - South Korea's consumer inflation quickened less than expected in March, data showed on Thursday, amid inflation worries over a surge in oil prices triggered by the Iran war.
The consumer price index rose 2.2% from a year earlier, higher than the 2.0% rise in the previous month but lower than a median 2.4% increase forecast in a Reuters poll of economists.
On a monthly basis, the index rose 0.3% in March, according to the Ministry of Data and Statistics, after rising 0.3% in February, also weaker than a forecast of 0.6%.
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(Reporting by Jihoon Lee; Editing by Chris Reese)
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