World Economy

S. Korea Inflation Slows

S. Korea  Inflation SlowsS. Korea  Inflation Slows

South Korea’s inflation rate hit its lowest point for 14 months in December, reflecting plunging oil prices, state data showed Wednesday, AFP said. Consumer prices in December rose 0.8% from a year ago, slowing from 1.0% growth in November, according to state-run Statistics Korea. This marked the lowest gain since October 2013 when consumer prices rose 0.9%.