South Korea September Inflation Eases to 2.9%

South Korea annual consumer inflation slowed to 2.9 percent in September from 3.1 percent in August, matching market forecasts. Government price controls and falling agricultural costs drove the moderation.

Lee Sang-jae, owner of a meat restaurant, cuts meat at a restaurant in Seoul, South Korea, June 23, 2022. REUTERS/ Heo Ran

South Korea's annual CPI rose 2.9% in September, easing from August and matching forecasts. Government price controls and falling agricultural costs drove the deceleration. The moderation brings headline inflation back to the 2% range for the first time in months.

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