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S. Korea's consumer prices up 1.3 pct in Nov., slowest pace this year

All News 08:01 December 01, 2017

SEJONG, Dec. 1 (Yonhap) -- South Korea's consumer prices rose at the slowest pace in 11 months in November as high-flying food prices slowed down, government data showed Friday.

The consumer price index advanced 1.3 percent last month from a year earlier, down 0.5 percentage point from October, according to the data compiled by Statistics Korea.

Slowing inflation is likely to persuade the Bank of Korea to hold off raising interest rates.

On Thursday, the central bank lifted its key interest rate for the first time in more than six years, citing a solid economic recovery.

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