S. Korea’s Inflation Accelerates on Higher Oil Price Impact

South Korea’s consumer inflation picked up as surging energy costs began to feed more forcefully into the domestic economy, with price gains matching the fastest pace since July 2024.

Consumer prices climbed 2.6% in April from a year earlier, accelerating from a 2.2% pace in March, the Ministry of Data and Statistics said Wednesday. The result was in line with the 2.6% median estimate in a Bloomberg survey.