Continued in the mid-to-mid 5% range in the second half
Korea Investment & Securities predicted on the 27th that Korea’s consumer price inflation rate would rise by 0.6% from the previous month and reach 6% in June. Furthermore, it is expected that the consumer price inflation rate will set a warning point at the end of the year.
Kim Ye-in, a researcher at Korea Investment & Securities, said in the report on the same day, “With the further increase in international oil prices from May to June, the contribution to prices of industrial products (+0.4%p), centered on petroleum products, increased, and prices rose in the service sector (+0.2%p). It is estimated that the pressure will continue.”
Korea Investment & Securities estimates that the period of rising raw material prices from 2020 to the present is comparable to the period of 2009-2011 in the first half. It was diagnosed that a lasting pathway appeared.
Researcher Kim said, “After the period of rising raw material prices is over, it is more likely to remain at a high level rather than a rapid decline. Because it has been strengthened,” he said.
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