South Korea CPI:

  • -0.1% for October vs +0.7% in September
  • +2.1% YoY (vs. expectations at +2.1 to +2.2 pct.)
  • The ‘Core’ rate (i.e. minus food and energy) was +1.5% over the year (up from +1.4 in Sept.)

The Central Bank of Korea has an upper target of 3%, so this figure is comfortably below.