Korea suffering from ‘missing inflation’ – deputy governor

bank-of-korea
The Bank of Korea's senior deputy says the country has found itself with "missing inflation"

Core inflation is lagging behind overall economic development, according to Myun-Shik Yoon, senior deputy governor at the Bank of Korea.

Speaking in Seoul on November 3, Yoon said economic activity in Korea continues to improve steadily, thanks to the favourable global conditions and despite the recent uncertainties surrounding domestic and overseas conditions.

“But core inflation, which reflects our demand-side inflationary pressures, is still in the mid-1% range,” he noted.

Excluding food

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