South Korea October core inflation data the highest since December 2015

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