South Korea will release July CPI data on Friday, according to Jinshi Data. South Korea's overall inflation will rise slightly in July but remain below 3% for the fourth consecutive month, according to the survey. The median forecast of 19 economists surveyed by The Wall Street Journal shows that the benchmark CPI may rise 2.5% from a year earlier, compared with 2.4% in June. Economists said that goods such as agricultural products have temporarily increased inflationary pressures. Citi raised its forecast for overall inflation in 2024 to 2.7% from 2.5% previously. The Bank of Korea expects inflation to average 2.6% this year.