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THE INVESTOR
September 24, 2018
Big Reunion

Economy

Korea’s inflation ratet lowest in Nov.

  • PUBLISHED :December 01, 2017 - 09:49
  • UPDATED :December 01, 2017 - 09:49
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[THE INVESTOR] Korea’s consumer prices rose at the slowest pace in 11 months in November, government data showed on Dec. 1.

The consumer price index advanced 1.3 percent last month from a year earlier, down 0.5 percentage point from October, according to the data compiled by Statistics Korea.

Slowing inflation is likely to persuade the Bank of Korea to hold off raising interest rates.

On Nov. 30, the central bank lifted its key interest rate for the first time in more than six years, citing a solid economic recovery.

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

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