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South Korea Oct headline inflation weakest since early 2021

BY Reuters | ECONOMIC | 11/04/24 06:12 PM EST

SEOUL (Reuters) - South Korea's consumer inflation in October hit the weakest level since January 2021, official data showed on Tuesday.

The consumer price index rose 1.3% in October from a year earlier, after a rise of 1.6% in September, according to Statistics Korea.

It was weaker than a median 1.4% increase tipped in a Reuters poll of economists and marked the weakest annual increase since January 2021.

The index was unchanged on a monthly basis from September, also weaker than a 0.2% gain tipped in the poll.

(Reporting by Cynthia Kim; Editing by Chris Reese)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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