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South Korea’s annual consumer inflation slows for the second month in September

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SEOUL: Annual consumer inflation in South Korea fell below expectations and softened further in September, government data showed on Wednesday.

The consumer price index (CPI) rose 5.6 percent in September from the same month a year ago, according to Statistics Korea’s figures, after rising 5.7 percent in August, when the annual rate marked the first time in seven months. fell.

It was the lowest interest rate in four months and slightly lower than economists’ predictions that interest rates would remain stable at 5.7 percent.

The CPI rose 0.3 percent month-on-month, slower than a 0.4 percent rise seen in a Reuters poll, but recovered from a 0.1 percent decline in the previous month.