Korea's consumer prices rose more than 3 percent in May from a year earlier amid global energy price volatility following the Iran war, data showed Tuesday.
Consumers shop for groceries at a local supermarket in Seoul on May 28. [YONHAP]
Korea's consumer prices rose more than 3 percent in May from a year earlier amid global energy price volatility following the Iran war, data showed Tuesday.
Consumer prices, a key gauge of inflation, increased 3.1 percent last month from a year earlier, according to data from the Ministry of Data and Statistics.
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It marked the fastest growth in 26 months after rising at the same pace in March 2024.
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