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South Korean core CPI surges to its highest y/y reading since February 2009

South Korean core CPI surges to its highest y/y reading since February 2009

News
By Eamonn Sheridan
02/06/2022 | 23:00 GMT

Inflation data from South Korea for May 2022.

Headline CPI +0.7% m/m (Reuters median estimate was +0.4%)

  • and +5.4% y/y (5.1%) (hisghest since August 2008)

Core CPI +3.4% y/y, jumping from +3.1% in April

  • highest since Feb of 2009

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