June economic trends report — price task force meets every 2 weeks, emergency economic response kept in place
Source material is a Korean government announcement (in Korean).
In the Ministry of Finance and Economy's recent economic trends report for June 2026, consumer prices in May were up 3.1% on the same month a year earlier. The government convenes a price task force every 2 weeks and is keeping its emergency economic response system in place.
Key facts
| May consumer prices | Up 3.1% on the same month a year earlier (core prices 2.5%) |
|---|---|
| May employment | 29.16 million people in work (40,000 fewer than a year earlier), unemployment rate 2.9% |
| Operation | Price task force convened every 2 weeks to announce measures |
| Response | Emergency economic response system, execution of the supplementary budget and the high fuel price relief payment kept in place |
Last checked:
The Ministry of Finance and Economy (재정경제부) published its recent economic trends report for June 2026. Consumer prices in May were up 3.1% on the same month a year earlier and core prices were up 2.5%. The number of people in work in May was 29.16 million, 40,000 fewer than a year earlier, and the unemployment rate was 2.9%. The government said it convenes a price task force every 2 weeks to announce measures, and that in response to the effects of the situation in the Middle East it is keeping in place its emergency economic response system, execution of the supplementary budget, and the high fuel price relief payment.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
How much did prices rise in May?
Consumer prices in May were up 3.1% on the same month a year earlier, and core prices were up 2.5%.
How does the government run its response on prices?
It convenes a price task force every 2 weeks to announce measures, and keeps in place its emergency economic response system, execution of the supplementary budget and the high fuel price relief payment.