South Korea's June inflation slowed to 2.4% YoY, the lowest since July 2022, with core inflation at 2.2%.
South Korea's inflation slowed to 2.4% year-on-year in June, the lowest since July 2022, offering evidence that price pressure is easing. The core inflation rate, excluding food and energy, also remained stable at 2.2% year-on-year, marking the slowest pace since March 2022. This data comes ahead of the Bank of Korea's meeting to map out the future course for its benchmark interest rate.
July 01, 2024
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