South Korea March inflation eases to near three-year low

FILE PHOTO: A woman pushing her baby in a stroller shops in the Hongdae area of Seoul
FILE PHOTO: A woman pushing her baby in a stroller shops in the Hongdae area of Seoul, South Korea, June 29, 2016. REUTERS/Kim Hong-Ji

April 1, 2019

SEOUL (Reuters) – South Korea’s annual inflation slowed in March to its weakest pace since July 2016, adding pressure to policymakers to shift to an easing stance on growth concerns.

The consumer price index rose 0.4 percent in March from a year earlier, Statistics Korea said, missing forecasts of 0.9 percent seen in a Reuters poll of economists.

Bank of Korea’s current annual inflation target is at 2 percent.

(Reporting by Joori Roh; Editing by Sam Holmes)

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