• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

South Korean Consumer Prices Jump 3.7% YoY, Fastest Rate in 10Yrs

December 2, 2021 by Forex Winner Leave a Comment

South Korean Consumer Prices Jump 3.7% YoY, Fastest Rate in 10Yrs

Source: FT

South Korean inflation has risen at its fastest pace in nearly 10 years, as the country’s consumer price index matched economists’ expectations with a 3.7% YoY in November. KRW USD up +0.01%, KOSPI up +1.57%

  • The monthly inflation figure in Asia’s fourth-largest economy topped forecasts of a 3.1% increase and has surpassed the Bank of Korea’s 2% target for 8-straight months.
  • In August, South Korea became the first advanced economy in the region to expand interest rates, with the central bank upgrading its benchmark rate to 0.75% from a record low to 0.5%. 
  • In a prior week, the rate was increased again to 1%, up by 25 basis points.
  • Park Chong-hoon, head of Korea research at Standard Chartered, stated that a weak Korean won, caused by capital outflows, had triggered an increase in prices of imports over the year.
  • The Korean economy is facing uncertainty amid supply chain constraints, the recent surge in Covid-19 cases, and an unpredictable presidential election. 

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

PrimeXBT

PrimeXBT Review

December 23, 2021 By Forex Winner

OctaFX Broker

OctaFX Review

January 24, 2020 By Forex Winner

Charles Schwab

Charles Schwab Review

May 22, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure