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March Inflation Rises to 2.2% Amid Rising Petroleum Prices

4/2/2026

37 6 Full Breakdown

Summary

Story summary

March consumer inflation rose to 2.2%, up from 2.0% in February but below 2.4%.
Petroleum prices surged 10.4%, driving the overall rise, while agricultural prices fell 3.0%.
March saw monthly inflation at 0.3%, equal to February and below the forecast of 0.6%.
The data arrives ahead of the Bank of Korea meeting on April 10, as Korea imposes fuel caps for the first time in 30 years.

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Story summary

March consumer inflation rose to 2.2%, up from 2.0% in February but below 2.4%.
Petroleum prices surged 10.4%, driving the overall rise, while agricultural prices fell 3.0%.
March saw monthly inflation at 0.3%, equal to February and below the forecast of 0.6%.
The data arrives ahead of the Bank of Korea meeting on April 10, as Korea imposes fuel caps for the first time in 30 years.