South Korea\u2019s consumer price index rose 2.8% year on year in July, coming in below the 3% forecast. The softer print points to slower headline inflation than economists had pencilled in for the month.<\/p>\n
The gap between the 2.8% outcome and the 3% expectation suggests price pressures eased relative to consensus.<\/p>\n
The data adds to the market\u2019s assessment of the inflation trend into late summer.<\/p>\n\n\n\n