A Wall Street Journal survey of 13 economists shows a median forecast for South Korea's August CPI at +3.3% YoY, up from July's 2.8%; MoM expected +0.4%. Deutsche Bank analysts say elevated cost pressures continue to pass through to consumer prices and improving incomes are adding demand-side inflationary pressure. The Bank of Korea attributes part of August's acceleration to base effects after telecom fee discounts a year earlier lowered the comparison. South Korea's August CPI is due Wednesday

A Wall Street Journal survey of 13 economists shows a median forecast for South Korea's August CPI at +3.3% YoY, up from July's 2.8%; MoM expected +0.4%. Deutsche Bank analysts say elevated cost pressures continue to pass through to consumer prices and improving incomes are adding demand-side inflationary pressure. The Bank of Korea attributes part of August's acceleration to base effects after telecom fee discounts a year earlier lowered the comparison. South Korea's August CPI is due Wednesday.