The Bank of Korea assessed on October 2nd that while South Korea’s consumer price inflation slowed to the 2% range in September, the upward trend of prices has actually expanded. Despite the moderation in the overall inflation rate, underlying price pressures remain a concern for the central bank. The Bank of Korea anticipates that the inflation rate in October will remain at a high level, around 3%. This prediction suggests continued challenges in managing price stability within South Korea. The assessment indicates a complex economic landscape where headline inflation may be decreasing, but core inflationary forces persist. Further monitoring and potential policy adjustments are expected as the Bank of Korea navigates these economic conditions in Seoul.