New data Inflation Rate MoM (Jul)
8/1/2024
actual 0.3, previous -0.2
The event is the "Inflation Rate MoM (Month-over-Month)" for July in South Korea (KR) and is reported in the local currency, Korean Won (KRW). The actual inflation rate for the month of July is 0.3%, which is an increase from the previous month's rate of -0.2%. The market had estimated the inflation rate to be 0.3%, so the actual figure met the expectations.This event is considered to have a low impact on the market. The percentage change from the previous month is 250%, indicating a significant increase in inflation from the previous month. Inflation rate measures the change in the price level of goods and services over a specific period, in this case, from June to July. A positive inflation rate suggests an increase in prices, which can impact consumer purchasing power and overall economic conditions.
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