Inflation expectations, which measure the outlook among consumers over headline inflation for the next 12 months, stood at 3.7 percent in April, down 0.2 percentage points from the previous month, according to the Bank of Korea (BOK).
After hitting a record high of 4.7 percent in July last year, the inflation expectations have been roughly on the slide.
The BOK began to tighten its monetary policy stance in August 2021, raising its policy rate by 3.0 percentage points to 3.50 percent in January this year.
The composite consumer sentiment index (CCSI) advanced 3.1 points over the month to 95.1 in April, recording the highest in 10 months since June last year.
It was attributed to the slower inflation and the lifting of measures against the COVID-19 pandemic.
The results were based on a survey of 2,366 households conducted from April 11 to April 18.
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