Official data show South Korea's consumer price index increased 3.2 percent year-over-year in June 2024, the largest rise since December 2023 and above 3 percent for two consecutive months. The increase matched market forecasts and was accompanied by a 0.1 percent month-over-month gain. Fuel prices rose 24.7 percent year-over-year and contributed 0.93 percentage points to the headline figure.