South Korea's consumer price index rose 3.2% year-on-year in June, driven primarily by high oil prices, according to a report from Yonhap News Agency.
The figure underscores the continued impact of energy market volatility on household costs in the region.
8% in April 2026, the highest level in nearly three years, also fueled by escalating energy costs.
The inflation print aligns with broader global trends where energy costs have remained a key driver of price increases.
In the United States, inflation surged to 3.8% in April 2026, the highest level in nearly three years, also fueled by escalating energy costs.
Similarly, Spain's CPI remained unchanged at 3.2% in June, extending a streak of three months at that level.
For traders, the South Korean data reinforces the narrative that energy price shocks are transmitting through to consumer baskets across major economies.