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Consumer prices jump 3.1% in May on soaring fuel prices

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.

Raccontata dakoreatimes.co.krchannelnewsasia.comkoreaherald.comkoreajoongangdaily.joins.comupi.com

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koreajoongangdaily.joins.comStai leggendo1 mesi fa

Consumer prices jump 3.1% in May on soaring fuel prices

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.

originale

koreaherald.com1 mesi fa

Consumer prices up 3.1% in May on soaring fuel prices

South Korea's inflation hit 3.1% in May—fastest in 26 months—as fuel surged 24.2% from Middle East supply shocks. Energy volatility raises operational costs for Asian data centers and cloud services; sustained cost pressures tighten IT capex cycles.

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koreatimes.co.kr1 mesi fa

Consumer prices hit 26-month high, fueling rate hike expectations - The Korea Times

South Korea's May CPI hit 3.1% (26-month high) on oil prices (+24.2%), signaling Bank of Korea rate hikes starting July. Rate increases constrain venture funding and debt capacity for tech teams; rising energy costs make cloud infrastructure and AI workloads more expensive.

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upi.com1 mesi fa

South Korea inflation tops 3% on Middle East oil shock - UPI.com

South Korea's consumer price growth topped 3% in May for the first time in 26 months as a prolonged Middle East war drove up global oil prices.

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channelnewsasia.com1 mesi fa

South Korea May inflation +3.1% y/y, higher than expected

South Korea's May CPI hit 3.1% y/y, exceeding 3.0% consensus and highest since March 2024, as Middle East oil prices spiked. For Korean tech managers, higher inflation pressures cloud spending and signals potential rate hikes affecting enterprise borrowing.

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Timeline cronologica

1. martedì 2 giugno 2026·koreatimes.co.kr
   

   Consumer prices rise 3.1% in May on soaring fuel prices - The Korea Times

   South Korea's consumer prices rose more than 3 percent in May from a year earlier amid global energy price volatility following the Middle East war...

2. martedì 2 giugno 2026·channelnewsasia.com
   

   South Korea May inflation +3.1% y/y, higher than expected

   SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations, on high oil prices triggered by the Middle East…

3. martedì 2 giugno 2026·channelnewsasia.com
   

   South Korea inflation hits two-year high, imminent rate hike in play

   SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East…

4. martedì 2 giugno 2026·channelnewsasia.com
   

   South Korea May inflation quickens to two-year high, exceeds forecasts

   SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East…

5. martedì 2 giugno 2026·koreaherald.com
   

   Consumer prices up 3.1% in May on soaring fuel prices

   South Korea's consumer prices rose more than 3 percent in May from a year earlier amid global energy price volatility following the Middle East war, data showed

6. martedì 2 giugno 2026·koreajoongangdaily.joins.com
   

   Consumer prices jump 3.1% in May on soaring fuel prices

   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.

7. martedì 2 giugno 2026·koreatimes.co.kr
   

   Consumer prices hit 26-month high, fueling rate hike expectations - The Korea Times

   Korea's consumer inflation accelerated to a 26-month high in May, driven by soaring oil prices amid the ongoing conflict in the Middle East, reinfo...

8. mercoledì 3 giugno 2026·koreajoongangdaily.joins.com
   

   Oil-fueled inflation balloons above 3% for first time in 26 months

   Oil-driven inflation from tensions in the Middle East appears to be hitting Korean consumers hard as it pushes inflation above 3 percent for the first time in 26 months.

9. mercoledì 3 giugno 2026·upi.com
   

   South Korea inflation tops 3% on Middle East oil shock - UPI.com

   South Korea's consumer price growth topped 3% in May for the first time in 26 months as a prolonged Middle East war drove up global oil prices.

10. mercoledì 3 giugno 2026·koreajoongangdaily.joins.com
    

    Same oil shock, different results: Inflation squeezes Korea, Japan while Taiwan sees smooth sailing

    Korea and Japan face growing pressure to raise interest rates as growth and inflation accelerate together, while Taiwan still has room to keep rates unchanged despite a…