South Korea Inflation -0.3% On Year In May

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Consumer prices in South Korea were down 0.3 percent on year in May, Statistics Korea said on Tuesday – missing expectations for -0.2 percent and slowing from 0.1 percent in April.

On a monthly basis, consumer prices fell 0.2 percent – matching forecasts and accelerating from the 0.6 percent drop in the previous month.

Core consumer prices were up 0.5 percent on year and 0.1 percent on month after rising 0.1 percent on year and falling 0.2 percent on month in April.

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