S. Korea’s Inflation Accelerates, Supporting BOK’s Hawkish Tilt
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avg 0.078
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Article Excerpt
kjh}ikgusu2fp})[rutr)shs_media_dl_1.png Ministry of Data and Statistics Article content (Bloomberg) — South Korea’s consumer inflation accelerated to the fastest pace in more than two years, reinforcing the central bank’s tilt toward higher interest rates as the impact from the Middle East conflict ripples across the economy. Article content Consumer prices rose 3.1% in May from a year earlier, the biggest gain since March 2024, data from the Ministry Data and Statistics showed Tuesday. The median estimate in a Bloomberg survey of economists called for a 2.9% advance after the 2.6% gain in Apr…
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Jun 2, 2026