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

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 conflict, supporting the case for monetary tightening in the coming months. The consumer price index (CPI) rose 3. 1 per cent from a year

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