South Korea March Inflation +0.3% On Month

Consumer prices in South Korea were up 0.3 percent on month in March, Statistics Korea said on Tuesday - in line with expectations and unchanged from the previous month's reading.

On a yearly basis, inflation jumped 2.2 percent - exceeding expectations for 1.8 percent and up from 1.9 percent in the previous month.

Core CPI, which excludes volatile food prices, gained 0.2 percent on month and 1.4 percent on year.

That follows the 0.2 percent monthly increase and the 1.5 percent yearly gain in the previous month.

News are provided by InstaForex