S. Korea expects inflation to average at 4.2% for next 12 months: BOK

Consumers in South Korea expect higher inflation to continue for the time being, but at a slightly slower pace than before.
A Bank of Korea consumer trend survey, released Tuesday, shows consumers expect prices to increase 4-point-2 percent over the next 12 months.
It represents a point-one percentage point decrease on-month.
The central bank cites the stabilization of prices for petroleum and agricultural products.
Falling consumer prices in the U.S. are also deemed a factor.
The forecast comes as the BOK looks set to announce yet another rate hike in the coming days.