Economic news

South Korea Jan Inflation 5.2%, Faster than Expected

SEOUL, Feb 2 (Reuters) - South Korea's consumer inflation ticked up in January to a three-month high, against economists' expectations, official data showed on Thursday.

The consumer price index was 5.2% higher in January than in the same month a year before, faster than 5.0% seen in December, according to Statistics Korea. Economists had expected the pace of growth to stay steady at 5.0%.

The index rose 0.8% on a monthly basis, compared with 0.2% in the previous month and 0.5% tipped in a Reuters poll.

Reporting by Jihoon Lee and Choonsik Yoo: Editing by Neil Fullick and Chris Reese

Source: Reuters

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