SEOUL : South Korean exports are set for a 12th consecutive month of growth in October, a Reuters poll showed on Thursday, while inflation for the month will likely increase at its fastest pace in nearly a decade due to surging energy and commodities prices.
Data from last week showed exports for the first 20 days of October surged 36.1per cent from the same period a year earlier, with those of semiconductors and petroleum products soaring 23.9per cent and 128.7per cent respectively. "We expect a decline in the trade surplus in October mainly due to a rise in imports ... as the recent surge in energy prices probably supported imports," Oh said.In the same Reuters poll, 12 economists projected consumer price index this month to jump 3.2per cent from a year earlier, the fastest rise since January 2012 and greater than September's 2.5per cent.
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