SEOUL ― South Korea's consumer inflation weakened to an 11-month low in June as supply-side pressures eased, official data showed on Tuesday, coming in below market expectations and providing some relief for policymakers.
The consumer price index (CPI) rose 2.4 percent higher in June from a year earlier, slower than the 2.7 percent rise in May and the weakest since July 2023, according to Statistics Korea.
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