South Korea July consumer inflation +2.1% y/y, as expected
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FILE PHOTO: A man holding a shopping bag walks at Myeongdong Street in Seoul, South Korea, December 5, 2024. REUTERS/Kim Soo-hyeon/File Photo
SEOUL (Reuters) -South Korea's consumer prices rose 2.1% in July from a year earlier, slightly slower than the rise of 2.2% in June, government data showed on Tuesday.
On a monthly basis, the consumer price index rose 0.2%, the fastest in four months, after no change in the previous month.
The numbers were roughly in line with median forecasts of 2.13% and 0.22% tipped in a Reuters poll of economists.
(Reporting by Jihoon Lee; Editing by Chris Reese)
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