Consumer prices in South Korea were up 2.0 percent on year in May, Statistics Korea said on Thursday - exceeding expectations for a gain of 1.9 percent, which would have been unchanged from the April reading.
On a monthly basis, inflation added 0.1 percent after slipping 0.1 percent in the previous month.
Core CPI, which excludes volatile food prices, advanced 1.4 percent after rising 1.3 percent a month earlier.
Core CPI was up 0.3 percent on month after gaining 0.1 percent in April.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.