Consumer Prices Rise Across South Korea, Kenya, UK in March

In March, South Korea's consumer prices increased by 2.1% year-on-year, marking the third consecutive month of inflation driven by a weaker won affecting food prices and rising service costs. This increase follows a 2.2% rise in January and a 2% rise in February, with agricultural and processed food prices notably climbing due to higher import costs. Meanwhile, in Kenya, inflation rose to 3.6% in March, spurred by rising food prices, particularly for staples like maize flour and tomatoes, despite a slight decline in housing and utilities costs. In the UK, grocery inflation edged up to 3.5% in March, with food prices climbing 2.4% year-on-year, driven by higher costs for store cupboard staples. These trends highlight the global pressures on consumers from rising food prices and the impact of currency fluctuations. Overall, the data reflects a concerning trend of inflationary pressures across multiple countries, impacting everyday living costs.