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Bank of Korea Predicts Slowdown in Inflation Rate Amidst Uncertainty

[비즈니스포스트] It is expected that the slowdown in the inflation rate will occur slowly.

Kim Woong, Deputy Governor of the Bank of Korea, held a meeting to review the price situation at the Bank of Korea’s head office on the morning of the 29th and said, “If agricultural product prices stabilize gradually and international oil prices do not. rise significantly again, the inflation rate is expected to show a slowing trend, but the pace is expected to be moderate. ” He predicted.

▲ The Bank of Korea predicted on the 29th that the slowdown in the inflation rate will appear slow.

Deputy Governor Kim added, “There is great uncertainty in the path of future price forecasts related to oil and agricultural product price trends, domestic and international economic trends, and the impact of accumulated cost pressures.”

The December consumer price index published by Statistics Korea on this day was 111.59 (2020 standard = 100), up 3.6% compared to the same period last year.

The index excluding agricultural products and petroleum, which is the core price that shows the underlying price trend, rose 4.0%. The index excluding food and energy, which is the core price based on the Organization for Co-operation and Development method Economic (OECD), rose 3.4%.

Deputy Governor Kim evaluated, “As expected, the rate of increase in consumer prices and core prices decreased slightly compared to the previous month, continuing the slowdown.” Reporter Cho Seung-ri

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