Inflation expected to record above 4% in April.

By bne IntelliNews April 5, 2011
South Korea's inflation is forecasted to remain above the 4% range in April this year as a result of higher oil prices and other external shocks such as the fallout from Japan's nuclear disaster. As reported by Asia Pulse, the country's consumer prices increased to a twenty nine month high in March and were far above the central bank's target, stoking expectation that the nation's central bank may increase its key rate soon. The consumer price index (CPI) grew 4.7% y/y in March, which was the fastest since October 2008.
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