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Korea - March CPI
Korean headline CPI inflation rose again in March to 4.1% YoY. That's the highest since 2011, and well above the BOK's 2% target for inflation.
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The platform for tracking and understanding East Asia macro
Korean headline CPI inflation rose again in March to 4.1% YoY. That's the highest since 2011, and well above the BOK's 2% target for inflation.
The cycle has clearly peaked in Taiwan, but the gradient of the slowdown still isn't clear.
Taiwan's exports were once again strong in February, rising by 34% YoY, the fastest since July 2022.
There's no sign yet that headline inflation is about to fall. As for core, without renewed cuts in public services prices, it is likely to prove stickier to the upside than in the period preceding the covid pandemic.