Korea: Inflation moderates in June
July 2, 2021
Consumer prices dropped 0.07% in June over the previous month, swinging from the 0.07% increase logged in May. June's result marked the sharpest fall in prices since November 2020. The figure was primarily due to a more moderate rise in prices for housing and utilities. In addition, price pressures for food and non-alcoholic beverages fell at a faster pace and prices for recreation and culture dropped.
Inflation came in at 2.4% in June, which was down from May’s 2.6%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.2% in June (May: 1.0%). Lastly, core inflation was stable, coming in at May's 1.5% in June.