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Korean Inflation Eases to Slowest Pace in Almost 16 Years

Inflation in South Korea eased to the slowest pace since July 1999, adding to concern that prices could fall amid fragile demand at home and cheaper oil from abroad.

Consumer prices rose 0.4 percent in March from a year earlier, Statistics Korea said in a statement on Wednesday, matching the forecast by economists in a Bloomberg survey. Core prices, which exclude oil and agricultural products, rose 2.1 percent.