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South Korea June inflation stays below nine-year peak

South Korea's consumer prices rose 2.4per cent in June from a year earlier, government data showed on Friday, standing above 2per cent for a third straight month but missing a 2.5per cent increase tipped in a Reuters survey.

South Korea June inflation stays below nine-year peak

FILE PHOTO: Women look at their moblie phones in the Hongdae area of Seoul, South Korea, June 29, 2016. Picture taken June 29, 2016. REUTERS/Kim Hong-Ji

SEOUL: South Korea's consumer prices rose 2.4 per cent in June from a year earlier, government data showed on Friday, standing above 2 per cent for a third straight month but missing a 2.5 per cent increase tipped in a Reuters survey.

That stood just notches below a 2.6 per cent rise in May when it marked the fastest pace since April 2012.

Month-on-month inflation, however, fell 0.1 per cent, falling into negative territory for the first time in seven months and versus a 0.1 per cent rise a month earlier.

Meanwhile, core inflation rose 1.2 per cent year-on-year, unchanged from May when it logged the sharpest growth since November 2018.


Source: Reuters

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