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