South Korean inflation slows to 11-month low

Consumer prices rose 2.4% on-year last month, compared with a 2.7% on-year rise a month earlier, according to the data from Statistics Korea. — Reuters

SEOUL: South Korea’s consumer prices slowed to an 11-month low in June, though prices of fresh food items and petroleum products remained high, data shows.

Consumer prices, a key gauge of inflation, rose 2.4% on-year last month, compared with a 2.7% on-year rise a month earlier, according to the data from Statistics Korea.