Consumer prices in South Korea were up 2.2 percent on year in June, the Bank of Korea said on Monday. That was below forecasts for 2.5 percent, which would have been unchanged from the May reading.
Inflation now inches toward the lower end of the central bank's target range of 2 to 4 percent.
On a monthly basis, consumer prices eased 0.1 percent versus expectations for a gain of 0.2 percent - which also would have been unchanged.
Core CPI was up 0.3 percent on month and 1.5 percent on year after collecting 0.2 percent on month and 1.6 percent on year in the previous month.
by RTT Staff Writer
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