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

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 conflict, supporting the case for monetary tightening as early as next month. The consumer price index (CPI) rose 3. 1 per cent from a yea

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