{
  "id": 17874852,
  "title": "South Korea October headline inflation moderates ahead of expected rate hike",
  "url": "https://urgent.news/2026/11/02/south-korea-october-headline-inflation-moderates-ahead-of-expected",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T23:35:44.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/south-korea-october-headline-inflation-moderates-ahead-expected-rate-hike-6514516"
  },
  "original_language": "en",
  "account": "Seoul, November 3 - South Korea's headline inflation moderated in October, according to government data released on Tuesday, offering a slight respite for central bankers but remaining significantly above the target. In October, consumer prices increased by 2.8% year-on-year, a slight decrease from the 2.9% gain in September and closely aligning with a 2.85% increase predicted by a Reuters poll of economists. The consumer price index climbed by 0.2% on a month-over-month basis, up from 0.3% in the previous month, as per the data. Although this deceleration provides the Bank of Korea (BOK) with a brief reprieve, inflation remains well above its 2.0% target. Elevated global energy prices and increasing household borrowing are cited as factors prompting the BOK to likely raise interest rates in the coming months, maintaining a tight monetary stance to quell persistent inflationary pressures in South Korea, which is Asia's fourth-largest economy. Another poll indicated that experts generally forecast the peak policy interest rate to reach 3.50%, suggesting one further hike this November and another in the first quarter of 2027.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Daily Times",
        "title": "Pakistan’s inflation falls to 9.6pc in October",
        "url": "https://urgent.news/2026/11/02/pakistans-inflation-falls-to-9-6pc-in-october",
        "published": "2026-11-02T15:46:58.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "South Korea Inflation Remains Above Target at 2.8% in October",
        "url": "https://urgent.news/2026/11/02/south-korea-inflation-remains-above-target-at-2-8-in-october",
        "published": "2026-11-02T23:34:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}