Key facts
- South Korea's consumer price index (CPI) accelerated to a 3.14% year-over-year increase in May.
- Rising transport prices were a key driver of South Korea's inflation.
- South Korea's core inflation climbed to 2.53% in May.
- Brazil's Gross Domestic Product (GDP) grew 1.1% quarter-over-quarter in Q1 2026.
- Brazil's Q1 GDP growth accelerated from a revised 0.3% in Q4 2025.
- Brazil's annual GDP growth rate remained at 1.8% year-over-year in Q1 2026.
- Accelerated private consumption drove Brazil's GDP growth.
- Investments in Brazil declined for a second consecutive quarter.
- Brazil's GDP print is expected to support a June interest rate cut.
South Korea's consumer price index (CPI) accelerated to a 3.14% year-over-year increase in May, marking an uptick from April's rate. This acceleration was significantly influenced by rising transport prices. Concurrently, the country's core inflation also climbed, reaching 2.53% in May.