Economic Buzz: South Korea Inflation Rises 6.3% In July

2 Aug 2022 , 12:38 PM

Consumer prices in South Korea were up 6.3 percent on year in July, Statistics Korea said – in line with expectations and accelerating from 6.0 percent in June. On a monthly basis, inflation rose 0.5 percent – slowing from 0.6 percent in the previous month. Core consumer prices, which exclude volatile food prices, climbed 3.9 percent on year. Core CPI rose 0.4 percent on month, also unchanged and as expected.Powered by Commodity Insights