South Korea's consumer price index rose 3.1 percent in May from a year earlier, matching the March reading and marking the largest increase in 26 months according to Yonhap News. Petroleum products contributed 0.92 percentage points to the headline figure after rising 24.2 percent, with gasoline up 23.1 percent and diesel up 33.3 percent. The Bank of Korea official Lee Ji-ho stated that June inflation is expected to remain near May levels.