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South Korea September inflation slows to 2.9% year/year

South Korea's annual consumer inflation eased to 2.9% in September, down from previous levels and meeting forecasts. Official data attributed the slowdown to government price control measures and decreasing agricultural costs.

South Korea’s annual consumer inflation eased to the 2% range in September, official data showed on Friday, as government price control measures and falling agricultural costs pulled prices lower. 9% in September from a year earlier, according to the Ministry of Data.