South Korea's consumer prices are expected to remain elevated due to rising incomes from the tech boom and global energy price volatility, according to a Bank of Korea report. Inflation is projected to stay around 3% in late 2026.
Consumer prices in France rose 2.4% year-on-year in May, up from 2.2% in April, driven by accelerating energy and services costs, particularly gas and communication services, according to Insee.
US consumer prices surged 4.2% in May, the highest in three years, while South Korea's May employment data showed a significant drop in young job seekers, with 255,000 fewer employed.
President Trump expressed his "love" for inflation despite US consumer prices rising at their fastest annual pace in over three years. Data showed a 4.2% annual increase in May, driven by energy costs linked to the Iran conflict.
Russia's annual inflation rate decreased from 5.58% in April to 5.31% in May, according to Rosstat. Consumer prices saw a monthly increase of 0.17%, driven by a 1.55% rise in services, while food prices declined.
US consumer prices rose 4.2% in May, the highest in over three years, driven by energy costs linked to the Iran war. Tariffs and AI spending also contribute to inflation, complicating the Federal Reserve's interest rate decisions.
US Consumer Price Index rose 4.2% in May year-over-year, the fastest pace since 2023. The reading complicates the Fed's outlook, with traders expecting rate hikes, pressuring crypto prices.
Inflation hit a three-year high in May, driven by soaring gas prices, posing a challenge for the Federal Reserve and the Trump administration as midterm elections approach. Consumer prices rose 4.2% year-over-year.
South Korea's government forecasts consumer prices to rise by around 2.7% this year, aligning with the Bank of Korea's projection. Measures like oil price caps and fuel tax cuts may be eased if international oil prices stabilize. The government plans to expand tariff quotas and release state reserves to stabilize prices.
South Korea's consumer prices surged 3.1% in May, a 26-month high, driven by a 24% jump in petroleum prices due to the Middle East war. The Bank of Korea may raise interest rates, increasing the burden on vulnerable groups. Government measures are under review.
South Korea's consumer prices rose 3.1% year-on-year in May, the highest in 21 months, due to soaring oil prices from the Middle East conflict and increased service costs. The Bank of Korea signaled potential interest rate hikes, exacerbating the triple burden of high prices, high interest rates, and a high exchange rate for citizens.
President Lee Jae Myung ordered prompt action to stabilize consumer prices and stern punishment for market manipulation. He emphasized price stability as crucial for economic growth and people's livelihoods, also vowing to focus on balanced development and global leadership.
President Lee Jae Myung ordered officials to stabilize consumer prices and sternly punish market manipulators, citing the impact of the Middle East conflict and the need to protect vulnerable groups.
South Korea's consumer prices rose 3.1% year-on-year in May, the fastest pace in 26 months, fueled by a 24.2% surge in oil prices due to the Middle East conflict. Living costs also saw a significant increase, marking the largest jump in 25 months.
Consumer prices in Gwangju and Jeonnam rose 3.1% and 3.5% respectively year-on-year in May, driven by increases in agricultural products and industrial goods like gasoline and diesel, according to the Honam Regional Data Administration.
South Korea's consumer prices surged 3.1% year-on-year in May, the highest in 26 months, driven by a sharp increase in oil prices due to the Middle East conflict. The cost of living index also saw its largest jump in 25 months.
South Korea's consumer prices surged 3.1% in May year-on-year, the fastest growth in 26 months. This rise is attributed to global energy price volatility due to the Middle East war, with petroleum product prices soaring 24.2%.
South Korea's consumer prices rose 3.1% year-on-year in May, the fastest pace in 26 months, driven by a surge in oil prices due to the Middle East conflict. Petroleum product prices saw their steepest increase in nearly four years.
South Korea's consumer prices rose 3.1% in May year-on-year, the highest in 26 months, driven by a surge in gasoline and diesel prices due to global energy volatility from the Middle East war.
Hong Kong's Financial Secretary Paul Chan stated the Middle East war has had a limited impact on local inflation, citing the city's service-based economy and stable energy from mainland China as mitigating factors.
Australia's annual inflation rate decreased to 4.2% in April from 4.6% in March, driven by a 7% drop in automotive fuel prices following a halved fuel excise. Underlying inflation (trimmed mean) rose slightly to 3.4%.
South Korea's finance ministry announced plans to stabilize consumer prices, citing economic achievements like overcoming a martial law bid and AI-driven industrial transformation. The economy grew 1.7% in Q1, and major banks project 2.6% growth for 2026.
UK inflation dropped to 2.8% in April, down from 3.3% in March, driven by a lower household energy price cap. While welcome, the slowdown may be temporary as fuel costs rise due to the Middle East conflict.
Russia's inflation was 0.07% from May 5-12, 2026, following a 0.02% deflation the previous week. Consumer prices rose 0.06% in early May and 3.17% year-to-date. Annual inflation stood at 5.55% as of May 12.
