Inflation slows down to 9.7% in June

Published: 17.07.2023 Related countries:  Korea (south) Korea (south)

Inflation continues trending down

Consumer prices rose 9.7% y/y in June 2023, 1.4p lower than in May. The slowdown in growth was mainly driven by developments in the food section, where increases in meat in particular eased (to 4.7% from 8.7% in May), and in the housing section. The increase in the prices of goods and services for routine maintenance of housing slowed down to 10.0% from 12.4%, natural gas to 39.8% from 47.6%, and solid fuels to 35.2% from 39.4%, the Czech Statistical Office reported. Prices of goods rose by 10.7% in total and prices of services by 7.9%. According to Eurostat data, inflation in the EU27 reached 7.1% in May

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul