South Korea’s inflation quickens, keeping rate-hike option alive

Consumer prices advanced 5.2% from a year earlier, quickening from 5% in December, the statistics office reports. — Reuters

SEOUL: South Korea’s inflation accelerated again in January, keeping open the possibility of further central bank policy tightening even as the nation’s economy weakens.

Consumer prices advanced 5.2% from a year earlier, quickening from 5% in December, the statistics office reported yesterday.