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South Korea's Composite Consumer Sentiment Index Inches Up in June

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South Korea's Composite Consumer Sentiment Index (CCSI) rose to 106.6 in June from 106.1 in May, according to the Bank of Korea's June Consumer Trends Survey released on Tuesday.

Consumer sentiment regarding current living standards came in at 94 in June, one point higher than the preceding month, and the sentiment around the future outlook was unchanged at 97, the data showed

The survey was conducted from June 9 to 16.

Consumer sentiment regarding the current domestic economic conditions in June was also three points higher than in May at 86. Meanwhile, the sentiment around the future domestic economic conditions slipped by one point from May to 92 in June.

Sentiment around future household income and future household spending were both unchanged, at 100 and 110, respectively.

As per the data, the expected inflation rate for the upcoming year was 2.8%, unchanged from a month earlier.

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