# South Korea inflation accelerates to decade-high in November | The Straits Times

> South Korea's consumer prices rose 3.7% in November from a year earlier, the fastest pace since 2011 and above all economist estimates. The increase was driven by higher oil and food costs, and core inflation came in at 2.3%. The result strengthens the case for further Bank of Korea rate hikes.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/43842-south-korea-inflation-accelerates-to-decade-high-in-november-the-straits-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Higher domestic food inflation can squeeze Korean feed and livestock margins, but the report itself does not move global grain or oilseed prices. Its main relevance to feed buyers is through the macro and currency channel.

## Sources

- straitstimes.com: https://www.straitstimes.com/business/economy/south-korea-inflation-accelerates-to-decade-high-in-november

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.