Economics
Bank of Korea Moves to Dispel Concerns on 9-Year High Inflation
- May’s 2.6% inflation buoyed by commodity, 2020 price dip
- Government increasing egg, rice supplies to ease pressure
People walk through the Hongdae shopping district in Seoul earlier in May.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
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The Bank of Korea sought to tamp down concerns over accelerating inflation after consumer prices rose last month at the fastest pace since 2012.