Arab Today, arab today south korea inflation slows to 14
Last Updated : GMT 12:48:35
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South Korea inflation slows to 1.4%

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Arab Today, arab today South Korea inflation slows to 1.4%

Seoul - AFP

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 percent 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 percent -- was well within the central bank\'s target inflation rate of 2 to 4 percent. From the previous month, inflation was up 0.2 percent in December. Core inflation, which excludes volatile energy and food prices, rose 1.2 percent from a year ago, compared to a 1.3 percent rise posted last month, and was up 0.2 percent month-on-month. Bank of Korea policymakers left the key interest rate unchanged at 2.75 percent 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.

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