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Investing.com -- South Korea’s headline Consumer Price Index (CPI) rebounded to 2.2% year-over-year in June, exceeding both consensus and analyst expectations of 2.1%. This marks the highest inflation rate since January 2025.
On a month-over-month basis, inflation rose 0.2% on a seasonally adjusted basis, reversing the previous month’s decline of 0.1%.
Core inflation, which excludes agricultural and oil products, increased to 2.4% year-over-year from 2.3% previously. Meanwhile, another measure of core inflation that excludes food and energy remained steady at 2.0%.
The cost of living index also showed an uptick, rising to 2.5% compared to 2.3% in the previous period.
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