SEOUL (Reuters) – South Korea’s consumer prices rose 5.0% in November from a year earlier, marking the slowest pace since April and slightly missing market expectations, government data showed on Friday.
The November inflation rate compared with 5.7% in October and 5.1% tipped in a Reuters poll. The country’s inflation has been falling down since hitting a 24-year high of 6.3% in July as global energy prices eased and economy slowed.
The index fell 0.1% on a monthly basis, following a 0.3% rise in the previous month.
(Reporting by Jihoon Lee; editing by Diane Craft)
