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Reuters
S.Korean consumer sentiment dips in June – survey
South Korean consumers turned pessimistic about overall economic conditions in June for the first time in more than a year, while their inflation expectations hit a decade high, a central bank survey showed on Wednesday. Consumers’ inflation expectations for the next 12 months rose to 3.9% from 3.3% the previous month, hitting the highest since April 2012, according to the survey responses from more than 2,300 households. South Korea’s consumer inflation in May hit a near 14-year high of 5.4%, and the country’s finance minister said on Sunday it may top 6% as early as in June.
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