South Korea consumer prices rise 3.2% in June

• South Korea's consumer prices rose 3.2% in June.
• South Korea's June consumer price increase is the highest in 30 months.
• Rising oil costs due to the Middle East conflict are impacting South Korea's supply chains and energy prices.
• South Korean banks saw the sharpest household loan growth in 11 months in June.
• Borrowers in South Korea increased credit for stock investments and home purchases in June.
• Unsecured credit loans and mortgage loans saw significant rises in South Korea in June.
• Indonesia's annual inflation rate increased to 3.34% in June.
• Indonesia's June inflation rate was up from 3.08% in May.
• Indonesia's June inflation rate exceeded market expectations.
• Indonesia's inflation rate remains within Bank Indonesia's target range of 1.5% to 3.5%.

South Korea's consumer prices saw a significant acceleration in June, rising by 3.2% and marking the highest increase in 30 months. This surge is primarily linked to rising oil costs, a consequence of the ongoing Middle East conflict, which has disrupted supply chains and driven up energy prices.

In parallel, South Korean banks observed the most substantial growth in household loans in 11 months during June. This increase was fueled by individuals borrowing more for stock market investments and home purchases. Notably, both unsecured credit loans and mortgage loans experienced significant upticks.

Separately, Indonesia's annual inflation rate also accelerated in June, reaching 3.34%. This figure represents an increase from the 3.08% recorded in May and exceeded market forecasts. Despite the acceleration, the inflation rate remains within the target range set by Bank Indonesia, which is between 1.5% and 3.5%.