S. Korea's consumer prices up 2.00% y/y in Feb.

Consumer prices in South Korea remain high, with inflation in the two percent range for the second month straight.

Data from Statistics Korea on Thursday showed that the country's consumer price index – a key gauge of inflation – rose two percent in February year-on-year.

This is a slight decline compared to the two-point-two percent growth seen in January, following three consecutive months of rising inflation figures.

While prices of fresh produce saw a decline for the first time since March 2022, the 'cost of living' index measuring 140 items often bought by consumers rose by the largest amount since July last year.