SEOUL: South Korea's inflation rate slowed to a fourth-month low in December, government data showed Monday, giving the central bank more monetary room to help boost the economy.
The consumer price index rose 1.4 per cent from a year ago, dragged down by falling prices of key items including pork, childcare facilities, medicine and televisions, according to state-run Statistics Korea.
The figure for this month -- the lowest since August when it rose 1.2 per cent -- was well within the central bank's target inflation rate of two to four per cent.
From the previous month, inflation was up 0.2 per cent in December.
Core inflation, which excludes volatile energy and food prices, rose 1.2 per cent from a year ago, compared to a 1.3 per cent rise posted last month, and was up 0.2 per cent month-on-month.
Bank of Korea policymakers left the key interest rate unchanged at 2.75 per cent in a meeting earlier this month, after trimming it twice this year to boost a slowing economy.
Asia's fourth-largest economy expanded at the slowest pace in three years in the third quarter, prompting expectations of a further rate cut early next year.
- AFP/ac
S. Korea inflation slows to 1.4%
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S. Korea inflation slows to 1.4%
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S. Korea inflation slows to 1.4%
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