SEOUL: South Korean consumers' inflation expectations fell in August after six months of rises, a central bank survey showed on Tuesday (Aug 22), while their assessment of economic conditions improved. The median of inflation expectations for the next 12 months fell to 4.3 per cent in August from 4.7 per c
SEOUL: South Korean consumers' inflation expectations fell in August after six months of rises, a central bank survey showed on Tuesday , while their assessment of economic conditions improved.
Meanwhile, the Consumer Sentiment Index rebounded to 88.0 in August, though still below the 100-mark that divides optimism and pessimism, after falling for three straight months to 86.0 in July, which was the lowest since September 2020. Asia's fourth-largest economy is expected to lose momentum this year as downside risks to exports and consumer spending have risen from slowing global demand and higher interest rates.
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