South Korea Inflation Surge
5 articles from 1 country
South Korea's consumer prices surged 3.2% in June, reaching a 30-month high driven by soaring food and agricultural product costs. While July inflation is expected to moderate, it is anticipated to remain elevated.
Food prices surge in South Korea, pushing inflation to 2.5-year high
- South Korea's consumer prices rose 3.2% in June, the highest in 2.5 years, driven by soaring food and agricultural product costs. - Prices for beef, pork, and eggs increased significantly due to reduced supply and disease outbreaks, while zucchini prices doubled overnight. - The government plans to inject 300 billion won into discount programs for agricultural and livestock products to ease hous…
South Korea consumer prices surge 3.2% in June, highest in 2.5 years
- South Korea's consumer price index rose 3.2% year-on-year in June, marking the largest increase in two and a half years. - Rising international oil prices due to Middle East conflicts and increased …
South Korea's June inflation rises; July expected to moderate but remain high
- South Korea's consumer price inflation increased slightly in June due to rising oil and agricultural product prices. - The Bank of Korea expects inflation to moderate in July, partly due to falling …
South Korea Inflation Hits 30-Month High of 3.2% in June
- South Korea's consumer price inflation reached 3.2% in June, the highest in 30 months since December 2023. - Soaring oil prices, up 24.7% due to the Middle East conflict, were a major driver, alongs…
South Korea's June inflation rate hits 3.2%, second month above 3%
- South Korea's consumer price index rose 3.2% year-on-year in June, marking the second consecutive month above 3%. - The increase was driven by rising international oil prices, which climbed 24.7% co…