South Korea’s Inflation Eases to Slowest Pace Since 1999
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Inflation in South Korea slowed to the weakest pace in more than 15 years amid declining energy-import costs and softness in domestic demand.
Consumer prices rose 0.5 percent in February from a year earlier, Statistics Korea said in a statement on Tuesday. That’s lower than the median estimate of 0.7 percent in a Bloomberg News survey of 17 economists. Prices were unchanged from the previous month, versus projections for a 0.2 percent gain.