South Korea core CPI (July) shows biggest annual rise since December 2023

South Korea July CPI came in at +2.8% y/y, below the Reuters poll estimate of +3.0% and down from +3.2% in June, marking a three-month low. On a monthly basis, CPI fell 0.2%, versus expectations for +0.1%, its first monthly decline since November 2025, driven by a 5.5% drop in…