South Korea's inflation rate in October was 1.3%, the lowest since early 2021. This represents a decrease from the 1.6% increase in September and continues a trend of easing inflation for the third consecutive month.
Economists had expected a slightly higher rate of 1.4%, indicating that the slowdown was more significant than anticipated. This decline in inflation could give the Bank of Korea more flexibility to pursue a policy of easing in the coming year, especially if economic growth weakens.