South Korea CPI slows to 2.8% in July, below forecast

South Korea's consumer inflation decelerated to 2.8% year-over-year in July, down from 3.2% in June and below the 3% median estimate—the slowest pace since April. Core inflation rose to 2.6%, signaling stable underlying price pressures. KRW may weaken on dovish rate-cut implications, though the data carries limited immediate impact given current market focus on Fed pivot and JPY intervention.