{
  "id": 4983299,
  "title": "BOK says inflation to ease in Sept. but underlying pressures to persist",
  "url": "https://urgent.news/2026/09/02/bok-says-inflation-to-ease-in-sept-but-underlying-pressures-to-persist",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T01:24:10.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260902003000320"
  },
  "original_language": "en",
  "account": "The Bank of Korea anticipates inflation to decelerate in September, following its acceleration in the prior month, as the base effect diminishes, according to a statement released on Wednesday. Deputy Governor Lee Ji-ho explained that the consumer price index increased at a faster pace in August due to the residual impact of discount programs implemented by a telecommunications firm the previous year. Nevertheless, the central bank projects that the underlying upward trend in prices will persist, particularly in core items. Earlier, government statistics revealed that South Korea's consumer prices surged 3.1% year-on-year in August, propelled by elevated oil prices and higher mobile service subscription charges stemming from base effects resulting from substantial discounts provided last year, in the aftermath of a hacking incident. This marked a recovery from the 2.8% year-on-year increase in July, succeeding 3.1% and 3.2% rises in May and June, respectively. Although headline inflation is anticipated to ease in September due to the fading base effect, underlying price pressures are expected to remain elevated. Core inflation, which excludes volatile food and energy prices, expanded by 3.4% year-on-year in August, reaching its highest level since it peaked at 3.8% in May 2023.",
  "summary": "SEOUL, Sept. 2 (Yonhap) -- Inflation in September is expected to ease from the p...",
  "key_points": [
    "Bank of Korea expects inflation to slow in September",
    "Base effect from telecom discounts diminishing",
    "Core inflation remains high at 3.4% YoY"
  ],
  "editors_take": "Easing headline inflation in September will not bring relief to core items where upward price pressures are expected to persist, according to the Bank of Korea.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "BOK says inflation to ease in Sept. but underlying pressures to persist",
        "url": "https://urgent.news/2026/09/02/bok-says-inflation-to-ease-in-sept-but-underlying-pressures-to-persist-4988445",
        "published": "2026-09-02T02:02:03.000Z"
      }
    ]
  },
  "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."
}