South Korea's consumer price inflation slowed to a 10-month low in May, rising by 2.7% YoY.

South Korea's consumer price inflation slowed to a 10-month low in May, rising by 2.7% compared to the same month last year. This marked the second consecutive month that the price growth slowed down, coming in lower than market expectations. The Bank of Korea expects inflation to continue sliding towards its 2% target by the end of this year.