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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Consumer Inflation Hits a 14-year Low

Consumer Inflation Hits a 14-year Low

Oct. 7, 2013

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Consumer prices ascended 0.8% from a year ago in September, said Statistics Korea. The rise represents a 14-year low since the same month in 1999. The main drivers were sharp drops in agricultural prices as well as the base effect from last year when prices spiked due to heavy rains and rising oil prices. From August, consumer prices inched up 0.2%.


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