Inflation data from South Korea for July 2024:
CPI +0.3% m/m
- expected +0.25%, prior -0.2%
CPI +2.6% y/y
- expected 2.4%, prior 2.4%
The ‘last mile’ thing is still threatening. This slight rise from the previous month is, well, a slight rise, but if its repeated in other economies (looking at you USA) it could complicate the interest rate cut path ahead. Japan, you’re excused from this conversation.
This article was written by Eamonn Sheridan at www.forexlive.com.
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