Consumer sentiment in South Korea continued to decline in June, while inflation expectations reached a 10-year high, a central bank survey revealed on Wednesday.
The consumer sentiment index (CSI) fell to 96.4 in June from 102.6 in May, marking the lowest level since January 2021 and the worst monthly decline since July 2021, showing pessimism over the overall economy.
Consumer sentiment toward current domestic economic conditions slipped 14 points from May to 60 in June, and that concerning future domestic economic conditions stood at 69 this month.
Meanwhile, the Consumers’ inflation expectations for the next 12 months increased from 3.3 percent last month to 3.9 percent in June, the highest level since April 2012, according to the survey responses of over 2,300 households.
