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South Korea Inflation Breaches BOK Target for Sixth Month

South Korea’s inflation exceeded the central bank’s target for a sixth straight month in June, adding pressure on the bank to boost borrowing costs again even as export growth slows.

Consumer prices rose 4.4 percent from a year earlier, after a 4.1 percent gain in May, Statistics Korea said today in Gwacheon, south of Seoul. Exports expanded 14.5 percent last month, the slowest pace since October 2009, missing analysts’ forecasts for a 17.6 percent gain, a separate report showed.