April 24, 2024

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[THE INVESTOR] Korea’s consumer prices rose at the slowest pace in 10 months in October, government data showed Wednesday.

The consumer price index advanced 1.8 percent last month from a year earlier, down 0.3 percentage point from a month earlier, according to the data compiled by Statistics Korea.

It is the lowest figure since December last year when it posted 1.3 percent. Also, the October number returned to below the 2 percent level for the first time since June.

Core inflation, which excludes volatile oil and food prices, also increased 1.6 percent on-year.

By Alex Lee and newswires (alexlee@heraldcorp.com)