South Korean Consumer Price Index Surprises with Strong Growth in June
Monday, 1 July 2024, 23:05
South Korean CPI Report
The South Korean Consumer Price Index for June surpassed forecasts, registering a 0.2% m/m increase and a 2.4% y/y growth.
Key Takeaways:
- Positive Growth: The CPI exceeded expectations with strong performance in June.
- Slowest Increase: The year-on-year growth of 2.4% marks the slowest rise since July 2023.
This unexpected data may indicate a changing inflation trajectory in South Korea, prompting a closer examination of economic factors impacting consumer prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.