Economic Buzz: South Korea Inflation Rises 6% In June

5 Jul 2022 , 01:41 PM

South Koreas consumer price inflation increased in June at the fastest pace since 1998, adding pressure on the central bank to tighten its policy further. The consumer price index gained 6.0 percent year-on-year in June, following a 5.4 percent increase in May, Statistics Korea reported. Excluding food and energy, core consumer prices advanced 3.9 percent annually in June, following a 3.4 percent rise in the preceding month. On a monthly basis, overall consumer prices rose 0.6 percent in June, after a 0.7 percent increase in the previous month. The core CPI increased 0.4 percent monthly in June, after a 0.5 percent growth in the prior month.Powered by Commodity Insights