South Korea's consumer price index rose 3.1% year-over-year in August 2026, driven partly by a one-off factor of sharp increases in mobile service fees due to low-base effects from discounts a year earlier following a data breach. The figure came in below economist expectations of 3.2%.
2 of 4 articles were readable. Headline only, no body text retrieved, for: bloomberg.com, wsj.com. Nothing below is drawn from those outlets beyond their headline.
Who reported it
- bloomberg.comWIRE
- channelnewsasia.comINDEP
- fananews.comUNCLASSIFIED
- wsj.comINDEP
References
- bloomberg.comSouth Korea’s Inflation Accelerates on One-Off Phone Bill EffectScreenshot as publishedOriginalcaptured 2026-09-02T11:18:55
- channelnewsasia.comSouth Korea August inflation +3.1% y/y, weaker than expectedScreenshot as publishedOriginalcaptured 2026-09-02T11:18:55
- fananews.comSouth Korea’s Inflation Up 3.1% in August - Fana News -Screenshot as publishedOriginalcaptured 2026-09-02T11:18:55
- wsj.comSouth Korea’s Inflation Rebounds Above 3%Screenshot as publishedOriginalcaptured 2026-09-02T11:18:55
Carried by multiple outlets
- South Korea's consumer price index rose 3.1% year-over-year in August 2026channelnewsasia.com, fananews.com
- The August inflation figure was lower than median economist expectationschannelnewsasia.com, fananews.com
- Mobile service fees rose 26.7% year-over-year in August due to a low-base effect from large-scale discounts offered a year earlierchannelnewsasia.com, fananews.com
- The mobile service fee discounts a year earlier were connected to a data breach or hacking incidentchannelnewsasia.com, fananews.com
- Petroleum/oil prices rose in August, with the increase slowing compared to the prior monthchannelnewsasia.com, fananews.com
- Inflation from July 2026 was 2.8%channelnewsasia.com, fananews.com
Reported by one outlet only
- Without the mobile service fee effect, inflation would have been 2.5%only channelnewsasia.com
- The finance ministry stated that nationwide fuel price caps lowered inflation by 0.3 percentage points in Augustonly channelnewsasia.com
- The finance ministry was expecting inflation to ease in September 2026only channelnewsasia.com
- The Bank of Korea delivered a second straight interest rate increase the week prior to this data releaseonly channelnewsasia.com
- The central bank warned that upward trend in underlying price pressure in core products would persistonly channelnewsasia.com
- CPI rose 0.2% on a monthly basis in August after falling 0.2% in Julyonly channelnewsasia.com
Reported unevenly
- The nature of the incident prompting mobile service discounts a year earlier: channelnewsasia.com refers to it as a 'comparable period a year ago' and does not specify the incident type in the body text provided; fananews.com specifies it as a 'data breach' involving SK Telecom Co.stated by fananews.com · absent from channelnewsasia.com



