South Korea's Inflation Drops Below 3% as Oil Price Pressure Eases
Consumer prices climbed 2.8% year-on-year in July, marking the slowest pace since April and signaling relief from a three-month stretch above the central bank's comfort zone.
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Consumer prices climbed 2.8% year-on-year in July, marking the slowest pace since April and signaling relief from a three-month stretch above the central bank's comfort zone.

Central bank officials point to statistical base effects and Middle East instability as key drivers behind expected consumer price acceleration next month

Consumer sentiment index climbs above baseline for third month running, driven by overseas sales momentum and capital spending commitments

Semiconductor exports drive GDP expansion despite Middle East oil volatility, with Q2 growth reaching levels unseen since the 1980s

Central bank data shows petroleum price declines offset gains in electronics, halting inflation momentum as Middle East tensions ease