Park Sang-hyun
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South Korea inflation hits two-year high, imminent rate hike in play
South Korea inflation hits two-year high, imminent rate hike in play SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening as early as next month. The consumer price index (CPI) rose 3.1 per cent from a year earlier, the biggest jump since March 2024, after climbing 2.6 per cent in April, according to the Ministry of...