South Korea's inflation rate quickens to 2-1/2-year high
Asia
South Korea's inflation rate quickens to 2-1/2-year high
by DZRH News02 July 2026
A woman shops at an underground shopping district in the Gangnam area of Seoul, South Korea, June 28, 2016. Picture taken June 28, 2016. REUTERS/Kim Hong-Ji
SEOUL, July 2 (Reuters) - South Korea's consumer inflation rate quickened in June to 3.2% from a year earlier, reaching a 2-1/2-year high due to high oil prices triggered by the Iran war.
The increase, matching market forecasts, marks the biggest jump since December 2023 after accelerating from 3.1% in May, according to the Ministry of Data and Statistics.
From a month earlier, the index increased 0.1%, as was expected.
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(Reporting by Cynthia Kim; Editing by Christian Schmollinger)
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