S. Korea's Consumer Price Index inflation rate 0.0% y/y in June: Statistics Korea
Updated: 2020-07-02 17:14:33 KST
South Korea's consumer inflation was flat last month, rebounding from the negative price growth seen the month before.
According to Statistics Korea, the Consumer Price Index for June stood at 104.87, unchanged from the same month last year.
The agency says the price of farm produce was up because of the government's payment of disaster relief funds, but that was cancelled out by lower oil prices.
Bank of Korea Governor Lee Ju-yeol said last week he expects consumer price inflation to stay near zero percent for the time being.