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.