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[BUSINESS] · South Korea · 12 sources

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Part of situation: South Korean inflation trends and forecasts (3 clusters)

South Korea inflation slows to 2.9% in September

consumer price index inflation rate petroleum prices agricultural prices price control measures

South Korea’s annual consumer inflation slowed to 2.9% in September, down from 3.1% in August. This deceleration was driven by falling agricultural, livestock, and fisheries prices, which dropped 0.3% year-on-year due to government supply increases and holiday discounts.

However, upward pressure remained in other sectors. Petroleum products rose 14.8%, with diesel surging by 20%. Processed foods increased by 2.1%, and IT devices saw significant hikes, including computers at 27.4% and mobile phones at 8.3%.

The government estimated that its petroleum price cap policy prevented inflation from reaching 3.5%. While agricultural costs eased, livestock and seafood prices rose due to increased holiday demand and reduced supply. Officials noted that ongoing geopolitical tensions in the Middle East continue to pose risks to energy and commodity prices.

Entities

Korea Expressway Corporation · Korea National Data Agency · Ministry of Agriculture, Food and Rural Affairs · Ministry of Data and Statistics · Ministry of Economy and Finance · National Data Agency · South Korea

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 3 SOURCES] Prices for agricultural, livestock, and fishery products decreased by 0.3% year-on-year. www.sportalkorea.com · www.newstomato.com
  • [● 3 SOURCES] The consumer price inflation rate was 2.9% year-on-year. www.sportalkorea.com · www.newstomato.com
  • [● 3 SOURCES] Petroleum product prices increased by 14.8% compared to the previous year. www.sportalkorea.com · www.newstomato.com
  • [○ 1 SOURCE] The petroleum product maximum price system is estimated to have lowered the inflation rate by 0.6 percentage points.
  • [● 2 SOURCES] Core inflation, excluding food and energy, rose by 2.8%. www.newstomato.com
  • [○ 1 SOURCE] The Ministry of Agriculture, Food and Rural Affairs reported a 1.0% drop in agricultural and livestock prices due to increased supply and discounts for the Chuseok holiday.
  • [● 3 SOURCES] Processed food prices increased by 2.1%. www.sportalkorea.com · www.newstomato.com
  • [● 3 SOURCES] The consumer price index for September was 120.43 compared to the 2020 base year. www.sportalkorea.com · www.newstomato.com

Sources

노란우산 연 1800만원 뚫렸지만 소득공제는 600만원서 끊긴다 - 매일신문 [www.imaeil.com]
울산항 8월 물동량 1,452만톤…전년 동월 대비 18. 1% 감소 [www.monthlymaritimekorea.com]
9월 소비자물가 대구 2. 6%·경북 3. 0% 상승. . . 기름 값 두 자릿수 '급등' - 경북도민일보 [www.hidomin.com]
같은 휘발유인데 ℓ당 142원 차이…수도권엔 적은 ‘알뜰 주유소’ [www.kyeonggi.com]
9월 물가 2. 9%로 두 달 만에 2%대…석유류14. 8%·가공식품 2. 1%↑(종합) - 스포탈코리아 [www.sportalkorea.com]
추석 할인 끝나자 대구 배추 31. 9%↑…9월 물가 '할인 착시' 걷혀 - 매일신문 [www.imaeil.com]
South Korea’s September inflation eases to 2. 9% y/y, matches forecast [www.businesstimes.com.sg]
중국산 콩이 ‘국산’?…추석 성수식품 원산지 속인 5곳 덜미 [biz.heraldcorp.com]
9월 물가 오름세 확대…가공식품·IT기기 가격 상승 두드러져 [www.hani.co.kr]
» South Korea September inflation eases to 2. 9% y/y, matches forecast [china.timesofnews.com]
9월 소비자물가 상승률 2. 9%… 농축수산물↓·석유류↑ [www.seoul.co.kr]
9월 소비자물가 2. 9% 상승…석 달 만에 2%대 [www.newstomato.com]