South Korean PPI +0.5% m/m in June (from +0.7% in May)

For the y/y +9.9% in June

• prior also +9.9%

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Price rises at the consumer level (CPI) have prompted aggressive tightening from the Bank of Korea. Looks like that is not over yet.

A sliding KRW has pushed up import prices. The USD is rampant, so Korea is not alone in this.