South Korean annual inflation eased to 1.10 percent in September of 2014 from 1.40 percent in the previous month, and below market expectations. The rate was the slowest in the last seven months, helped by stable prices of food and healthcare services.
On a month-on-month basis, the inflation rate fell to -0.1 percent from a 0.2 percent increase in August.
Core CPI, which strips out volatile energy and food prices, gained 1.9 percent year-on-year in September compared to a 2.4 percent increase in August.
The central bank of Korea expects inflation in Asia's fourth-largest economy to accelerate to 1.9 percent in 2014 following a 1.3 percent increase in 2013.
10/1/2014 8:40:27 AM