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South Korea July inflation accelerates; staying at nine-year peak - Netscape Money & Business


South Korea July inflation accelerates; staying at nine-year peak
By Joori Roh
Reuters
SEOUL (Reuters) - South Korea s consumer inflation accelerated in July, staying at a nine-year peak marked in May, as hot weather conditions lifted prices of fresh food, while oil products and housing rental and other services costs continued rising.
The consumer price index (CPI) last month rose 2.6% year-on-year, Statistics Korea data showed on Tuesday, accelerating from a 2.4% increase in June and beating a 2.4% increase tipped in a Reuters survey.
That was also same as a 2.6% rise in May when it marked the fastest pace since April 2012, and continued to stay above the central bank s 2% target for a fourth straight month. ....

Soult Ukpyolsi , South Korea , Stephen Coates , Joori Roh , Kim Coghill , Standard Chartered Bank Korea , Korea July , Statistics Korea , Park Chong Hoon , தெற்கு கொரியா , ஸ்டீபன் பூச்சுகள் , ஜூரி ரோ , கிம் கோகில் , தரநிலை பட்டய வங்கி கொரியா , கொரியா ஜூலை , புள்ளிவிவரங்கள் கொரியா , பூங்கா சோங் ஹூன் ,

S.Korea May factory output unexpectedly declines on auto chip shortages


Article content
SEOUL South Korea’s factory output in May unexpectedly declined from April but registered its fastest annual expansion in nearly 11 years after 2020’s pandemic-induced slide.
Industrial production fell by a seasonally adjusted 0.7% last month, Statistics Korea data showed on Wednesday, missing a 0.8% gain forecast in a Reuters survey. It followed a 1.6% contraction in April, when it marked the biggest contraction since may 2020.
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S.Korea May factory output unexpectedly declines on auto chip shortages Back to video
A breakdown of data showed production of cars shrank 6.6% from April on auto chip shortages, while that of mechanical equipments also slumped 5.6%. That offset a 5.3% rise in production of semiconductors, the country’s top export. ....

South Korea , Soult Ukpyolsi , Joori Roh , Christopher Cushing Shri Navaratnam , Standard Chartered Bank Korea , Statistics Korea , Kim Ye In , Korea Investment , Park Chong Hoon , Standard Chartered Bank , Christopher Cushing , Shri Navaratnam , தெற்கு கொரியா , ஜூரி ரோ , கிறிஸ்டோபர் குஷிங் திரு நவரட்னம் , தரநிலை பட்டய வங்கி கொரியா , புள்ளிவிவரங்கள் கொரியா , கொரியா முதலீடு , பூங்கா சோங் ஹூன் , தரநிலை பட்டய வங்கி , கிறிஸ்டோபர் குஷிங் , திரு நவரட்னம் ,