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S.Korea's consumer price inflation stays at zero level for 10 months

Xinhua, October 2, 2015 Adjust font size:

South Korea's consumer price inflation stayed at a zero level for 10 straight months due to cheaper crude oil and lower farm goods prices, a government report showed Friday.

Consumer prices rose 0.6 percent in September from a year earlier, staying below 1 percent since December 2014, according to Statistics Korea.

The low headline inflation came on the back of lower prices of farm goods and crude oil. Core consumer prices, which exclude volatile agricultural and oil products, advanced 2.1 percent on- year in September, hovering above 2 percent for nine months in a row.

The OECD-method core consumer prices, which exclude food and energy prices, gained 2.5 percent in September from a year earlier, keeping the 2-percent increase for the ninth consecutive month.

Prices for agricultural, livestock, fishery products rose 1.7 percent in September from a year earlier, down from a 3.7 percent increase in August. Endi