South Korea inflation hit nearly 24-year high in June - Nikkei Asia

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Also on Tuesday, the Philippines said its inflation rate in June reached the highest level in nearly four years, at 6.1%.

Overall demand for smart TVs has declined to pre-pandemic levels, leading to an estimated 9.2% year-on-year decline in total smart TV shipments in the first quarter, according to S&P Global Market Intelligence.

The BOK is expected to raise its key interest rate at the central bank's meeting next week, following a quarter-percentage-point hike to 1.75% in May.

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Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: South Hike Price Interest Inflation Korea Bank Rate Prices Raise Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 00:41:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 4 minutes read

Article Length: 615 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 30344

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