South Korea January CPI comes in way hotter, +0.8% m/m (expected +0.5%, prior +0.2%)

January inflation data from South Korea.

Headline hit a 3 month high:

• +0.8% m/m vs. +0.5% expected and +0.2% in December
• +5.2% y/y vs. +5.0% expected and +5.0% in December

Core:

• +4.1% y/y vs. +4.1% in December

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Australian CPI surged in December, the monthly was > 8%

• Australia Q4 Headline CPI 1.9% q/q (expected 1.6%)

Even if inflation does top out here, and the SK data suggests it isn't, its still at uncomfortably high levels for central banks. No pivot yet, folks!

via GIPHY