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S.Koreans’ expectations for inflation hit 9-year high

MarketScreener

SEOUL, April 27 (Reuters) – South Koreans expect inflation
of around 3.1% over the next 12 months, the highest they have
anticipated in nine years, according to a Bank of Korea survey
of consumers in April. The central bank’s survey in March produced a median
expectation of 2.9% inflation for the coming year. The last time
inflation as high as 3.1% had been expected was in April, 2013. The consumer sentiment index from the survey of 2500
households, conducted between April 12 and 19, rose to a 3-month
high of 103.

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