S. Korea’s in­fla­tion falls to a 10-month low

China Daily (USA) - - BUSINESS -

South Korea’s con­sumer price in­fla­tion fell in July to the low­est in 10 months on the back of the con­tin­ued trend of cheaper crude oil, a gov­ern­ment re­port showed on Tues­day. Con­sumer prices rose 0.7 per­cent in July from a year ear­lier, ac­cord­ing to Sta­tis­tics Korea. It marked the low­est in 10 months since Septem­ber last year. Af­ter peak­ing at 1.2 per­cent in Fe­bru­ary, the head­line in­fla­tion kept fall­ing to 1.0 per­cent in April and 0.8 per­cent in June. Oil prod­uct prices tum­bled 8.9 per­cent last month, drag­ging down the over­all head­line in­fla­tion by 0.38 per­cent­age points.

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