South Korea inflation hit nearly 24-year high in June

CPI climbed 6%, heaping pressure on President Yoon and big manufacturers

2022-06-28 South Korea inflation

A worker cuts meat at a restaurant in Seoul. The Bank of Korea will determine whether an interest rate hike in July will help tame inflation. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- South Korea's inflation rate reached a nearly 24-year high in June as the country struggles to cope with soaring energy and food prices, official data showed on Tuesday.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.