{
  "id": 17886547,
  "title": "BOK sees consumer inflation remaining near 3% in November",
  "url": "https://urgent.news/2026/11/03/bok-sees-consumer-inflation-remaining-near-3-in-november",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T01:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261103/bok-sees-consumer-inflation-remaining-near-3-in-november"
  },
  "original_language": "en",
  "account": "The Bank of Korea anticipates consumer prices to remain close to 3% in November, driven by a persistent rise in core inflation, according to Deputy Governor Lee Ji-ho on Tuesday. Despite a deceleration in October, with agricultural product shipments improving, services and durable goods prices continue to stay high. Inflation forecasts for November point to the high 2% range, influenced by global oil prices and the ongoing upward trajectory of core inflation. Government figures revealed that South Korean consumer prices surged by 2.8% last month year-on-year, a slowdown from 2.9% in September and 3.1% in August. Agricultural, livestock, and fishery product prices declined by 1.7% over the same period, while petroleum product prices climbed by 14.9% compared to the previous year. Core inflation, excluding volatile food and energy prices, stood at 2.8% on-year in October. The BOK anticipates inflation to remain elevated due to cost-push and demand-pull pressures, despite lingering challenges.",
  "summary": "Consumer prices are expected to rise into the high 2 percent range in November due to an upward trend in core inflation, the central bank said Tuesday. \"Consumer prices rose at a slower pace in October as shipments of agricultural products improved, but prices of private services and durable goods remained elevated,\" Deputy Gov. Lee Ji-ho said during a meeting to review inflation trends. \"In…",
  "key_points": [
    "Bank of Korea predicts consumer inflation near 3% in November.",
    "Core inflation persists, driving prices despite October deceleration.",
    "Agricultural product prices fell 1.7% year-on-year in November."
  ],
  "editors_take": "Persistent core inflation and rising energy costs threaten to stall the downward trend in consumer prices, forcing the central bank to contend with stubborn cost-push and demand-pull pressures.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "BOK sees consumer inflation remaining near 3 pct in Nov.",
        "url": "https://urgent.news/2026/11/03/bok-sees-consumer-inflation-remaining-near-3-pct-in-nov",
        "published": "2026-11-03T01:10:01.000Z"
      }
    ]
  },
  "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."
}