Seoul, Consumer prices in South Korea rose 2.7% on-year last month, compared with the 2.9% on-year rise a month earlier. According to South Korea's News Agency (Yonhap), South Korea's consumer prices stayed below 3% for the second consecutive month in May, but prices of fruits and petroleum products soared over supply issues and unstable global oil prices, data from Statistics Korea showed Tuesday. In January, inflation fell below 3% for the first time since July 2023 to come to 2.8%, but it rose back to 3.1% in February and stayed at the same level the following month. The government has said that the country is projected to reach the target rate of 2% by around the end of 2024, though prices are forecast to ease at a slower pace than earlier expected. Source: Qatar News Agency
Related Articles
CBK launches fourth cohort of Cybersecurity Leaders Program
The Central Bank of Kuwait launched Monday the fourth cohort of the Cybersecurity Leaders Program, in light of its strategy to develop qualified national cadres in the banking sectors, said the CBK Governor Basel Al-Haroon.
In a press release, Al-Har…
Oil Falls on Concerns of Weaker Demand Forecasts
Oil prices fell in Asia on Thursday, with investors turning cautious on expectations of lower demand as US employment and business data came in weaker than forecast, signalling the economy of the world’s top oil consumer may be cooling.
Brent crude f…
Windsor Brokers (Palestine) Limited Financial Brokerage Company and the Palestine Stock Exchange signed today its membership agreement in the stock exchange, thus becoming the tenth operating financial brokerage company authorized to practice and practice financial brokerage activities and services based on the decision of the Board of Directors of the Palestinian Capital Market Authority issued On 08/16/2023, by agreeing to grant it a license to practice brokerage activity on behalf of others.
The agreement was signed by a representative of the Palestine Stock Exchange, its General Manager, Mr. Nihad Kamal, while Windsor Brokers (Palestine) was represented by a member of its Board of Directors, Mr. Iyad Abu Mizer, in the presence of its Gen…