South Korean Producer Price Index for June 2024:
-0.1% m/m
prior +0.1%
+2.5% y/y
prior +2.3%
The Bank of Korea is eyeing rising inflation but there are signs it’ll begin to fall from August.
SK’s finance minister is thinking the same – says inflation may temporarily rebound higher in Julyu, it should stabilise from Augsyt.
This article was written by Eamonn Sheridan at www.forexlive.com.
