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Financial News: South Korea Inflation Eases Unexpectedly In June

South Korea Inflation Eases Unexpectedly In June

07/03/2017 - 23:59:00 (RTTNews)

(RTTNews) - South Korea's consumer price inflation eased unexpectedly in June, though marginally, figures from Statistics Korea showed Tuesday.

The consumer price index rose 1.9 percent year-over-year in June, slightly slower than the 2.0 percent climb in May. Economists had expected the inflation to remain stable at 2.0 percent.

Prices of food and non-alcoholic beverages grew 4.6 percent annually in June and transport costs went up by 2.0 percent.

On a monthly basis, consumer prices edged down 0.1 percent from May, when it increased by 0.1 percent.

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