BOK "Slightly below 2% core prices next year"

The Bank of Korea expects core inflation to stabilize at just under 2% next year.

The Bank of Korea said in its "Future Price Flows from Domestic Sensitivity Prices" report that the growth rate of domestic sensitivity prices will rise moderately as consumption recovers.

Domestic consumption tends to lag behind with a lag of one to two quarters, and domestic consumption has slowed significantly since the second half of last year, and the domestic consumption inflation rate has also been on a rapid downward trend.

He then predicted that the domestic sensitive inflation rate will be low around 1% for the time being, but it will rise gently with a time lag as consumption recovers.

As a result, it is predicted that the core inflation rate will continue to be stable at the current level rather than slowing down further in the future.