[ad_1]
© Reuters. File picture: On May 28, 2020, in Seoul, South Korea, people wearing masks walked in the Myeongdong shopping district in order to avoid the spread of coronavirus disease (COVID-19). REUTERS/Kim Hong-Ji
SEOUL (Reuters)-Government data released on Tuesday showed that South Korea’s July consumer price index rose 2.6% from a year earlier, higher than the 2.4% increase in June and exceeding the 2.4% increase in a Reuters survey.
This is also the same as the 2.6% increase in May, when it marked the fastest growth rate since April 2012 and remained above 2% for the fourth consecutive month.
Inflation rose 0.2% month-on-month, rebounding from negative 0.1% in June, when it fell to the negative territory for the first time in seven months.
At the same time, core inflation rose by 1.2% year-on-year, which was the same as in June.
Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.
[ad_2]
Source link