Inflation data from South Korea for July 2024:
CPI +0.3% m/m
- expected +0.25%, prior -0.2%
CPI +2.6% y/y
- expected 2.4%, prior 2.4%
The 'last mile' thing is still threatening. This slight rise from the previous month is, well, a slight rise, but if its repeated in other economies (looking at you USA) it could complicate the interest rate cut path ahead. Japan, you're excused from this conversation.
