Business & Finance
South Korea's inflation rate quickens to 2-1/2-year high
Key Points
South Korea's inflation rate quickens to 2-1/2-year high SEOUL, July 2 : South Korea's consumer inflation rate quickened in June to 3.2 per cent from a year earlier, reaching a 2-1/2-year high due to high oil prices triggered by the Iran war. The increase, matching market forecasts, marks the biggest jump since December 2023 after accelerating from 3.1 per cent in May, according to the Ministry of Data and Statistics. From a month earlier, the index increased 0.1 per cent, as was expected.
South Korea's inflation rate quickens to 2-1/2-year high
SEOUL, July 2 : South Korea's consumer inflation rate quickened in June to 3.2 per cent from a year earlier, reaching a 2-1/2-year high due to high oil prices triggered by the Iran war.
The increase, matching market forecasts, marks the biggest jump since December 2023 after accelerating from 3.1 per cent in May, according to the Ministry of Data and Statistics.
From a month earlier, the index increased 0.1 per cent, as was expected.