Korea - Inflationary pressures likely to mount

KOREA - Consumer-price inflation will likely accelerate in coming months due to wage hikes and the recent rise in international oil prices, the Bank of Korea (BOK) said Thursday.

In a report submitted to a financial-consultation meeting attended by BOK Governor Park Seung and heads of 10 national banks, the central bank said inflationary pressures are likely to build up further after November, the Korea Times reported.

The report pointed out that the upward trend of wages and housing prices,

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