Inflation to remain above 3% in 2nd half despite US-Iran deal: BOK (opens original article in a new tab)

Korea's consumer inflation is expected to stay near 3% in the second half of 2023 due to persistent oil price pressures from the Middle East conflict, according to the Bank of Korea.

• Korea's consumer inflation expected to remain around 3% in second half of 2023
• BOK cites ongoing impact of elevated oil prices from Middle East conflict
• US-Iran deal not expected to significantly affect inflation