South Korea Core Inflation Falls Short at 2.4% in June

Monday, 1 July 2024, 23:57
The latest data on South Korea's core inflation reveals a rate of 2.4% in June, below the 2.7% forecast by analysts. This unexpected lower inflation figure has potential implications for the country's economy and monetary policy moving forward. Investors globally are keeping a close eye on the Asia-Pacific markets following the Nasdaq's record-breaking performance.
CNBC
South Korea Core Inflation Falls Short at 2.4% in June

South Korea Core Inflation:
  1. Figure: 2.4%
  2. Expectation: 2.7%

The core inflation data for South Korea for June showed a rate of 2.4%, missing the forecast of 2.7% by economists.

Implications:

  • Market Reaction: Investors globally are monitoring the impact of the lower inflation rate on the market.
  • Monetary Policy: The unexpected data may influence future monetary policy decisions in South Korea.
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