The overall FAO Food Price Index decreased by 0.8 percent in May, as reported by the Food and Agriculture Organization (FAO) of the United Nations. This decline was primarily influenced by falling prices for vegetable oils and sugar.

• Grains and cereals prices dropped by 1.8 percent due to strong corn harvests in Argentina and Brazil, coupled with reduced global demand for wheat.
• Meat prices rose by 1.3 percent, driven by higher demand for beef and pork, while dairy prices increased by 0.8 percent due to strong demand in Asia.
• Vegetable oils saw a significant drop of 3.7 percent, although remaining 19.1 percent above the previous year's levels.

In May, South Korea’s jobless claims experienced a decline for the first time in four months, influenced by reduced demand in various sectors, according to government data.

• New applicants for job-seeking benefits fell by 3.1 percent to 85,000 from a year earlier.
• This data was reported by the Ministry of Employment and Labor.
• The total number of benefit receivers increased by 3.7 percent to 670,000, with total payments reaching 1.11 trillion won (818.1 million U.S. dollars).