Inflation expected to linger despite end of Middle East war: BOK (opens original article in a new tab)

South Korea's central bank expects inflation to remain high despite the end of the Middle East war, citing ongoing pressures from rising incomes, public service charges, and global energy price volatility.

• South Korea's consumer prices are expected to remain elevated despite the end of the Middle East conflict.
• Rising incomes from the tech industry and public service charges contribute to ongoing inflation pressures.
• Core inflation is projected to stay in the mid-2 percent range through 2026.