South Korea consumer sentiment drops on worries about food inflation

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SEOUL : South Korea's consumer sentiment dropped in March on growing worries about higher agricultural prices, a central bank survey showed on Tuesday, two weeks ahead of the country's legislative election. The consumer sentiment index fell to 100.7 in March from 101.

FILE PHOTO: A shopkeeper naps as she waits for customers at a traditional market in Seoul, South Korea, April 7, 2022. REUTERS/Kim Hong-Ji/File PhotoSEOUL : South Korea's consumer sentiment dropped in March on growing worries about higher agricultural prices, a central bank survey showed on Tuesday, two weeks ahead of the country's legislative election.

The fall came as consumers' inflation expectations for the next 12 months rose for the first time in five months, to 3.2 per cent from 3.0 per cent.

 

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