More info on this - South Korea core inflation hits 2-1/2 year high despite headline cooling

AI summary

<p class="font-claude-response-body break-words whitespace-normal" dir="ltr">The <a href="https://investinglive.com/news/south-korea-core-cpi-july-shows-biggest-annual-rise-since-december-2023/" rel="follow">undershoot on both headline and monthly CPI</a> is likely to be read as giving the Bank of Korea some breathing room, even as the vice finance minister's comments on persistent upward pressures suggest policymakers are not treating the softer print as a green light to ease. The core CPI acceleration to its fastest pace in two and a half years is the more important signal for rate expectations, since it points to underlying price pressure building even as headline inflation cools on lower fuel costs. With the central bank having only just resumed hiking last month and flagged more to come, this data is unlikely to shift that trajectory, particularly given the ministry's own warning of a one-off inflation boost in August from mobile fee base effects.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">---</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr"> South Korea's headline inflation cooled more than expected in July, but a jump in core prices and official warnings over lingering risks kept policymakers cautious.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">Summary:</p><ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-