South Korea’s Inflation Moderates to Slowest in 12 Years

South Korea’s exports fell the most since the financial crisis and inflation moderated to a 12-year low, building the case for more stimulus after an unexpected interest-rate cut last month.

Exports slid 8.8 percent in July from a year earlier, the steepest decline since September 2009, Ministry of Knowledge Economy data showed today. The median estimate in a Bloomberg News survey of 15 economists was for a 3.7 percent drop. Consumer prices increased 1.5 percent, Statistics Korea said.