S. Korea’s consumer prices up 2.1% y/y in July

South Korea's consumer prices in July saw an increase in the two-percent range for the second month straight.

Data from Statistics Korea on Tuesday showed that the country's consumer price index – a key gauge of inflation – rose 2-point-1 percent in July year-on-year.

This is mainly led by higher costs of processed food products and fisheries products.

Inflation had remained above the Bank of Korea's 2 percent target for four consecutive months through April, subsequently seeing a dip in May before edging up again in June.