S Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut
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SEOUL :South Korea's consumer inflation slowed in August to the weakest in nearly 3-1/2 years, official data showed on Tuesday, supporting market expectations for an easing of monetary policy as early as next month. The consumer price index (CPI) rose 2.0 per cent from a year earlier, after gaining 2.6 per cent the previous month, marking the slowest annual rise since March 2021. It matched the median 2.0 per cent increase tipped in a Reuters survey of economists and the central bank's medium-
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