CPI data out of South Korea a few minutes ago.

Headline +3.2% y/y

  • prior +2.6%
  • highest since January 2012
  • +0.1% m/m (prior 0.5%)

Core inflation +2.4% y/y

  • prior +1.5%
  • highest since December 2015

SK's central bank has a 2% CPI target, October's rate is the 7th consecutive month above target

  • oil product prices, fresh foods and housing rentals continued to rise