July 21, 2024

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South Korea’s Inflation Cools Further as Policy Stays Tight

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South Korea’s inflation eased more than expected, suggesting price pressure is cooling in line with the central bank’s expectations.

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(Bloomberg) — South Korea’s inflation eased more than expected, suggesting price pressure is cooling in line with the central bank’s expectations.

Consumer prices advanced 2.7% in May from a year earlier, decelerating from a 2.9% clip in April, the statistics office reported Tuesday. Economists surveyed by Bloomberg had forecast the pace of price growth would moderate to 2.8%.

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2024-06-03 19:47:36

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