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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.