S Korea inflation slows to 1.0pc

SEOUL, Mar 4 (AFP): South Korean consumer prices rose 1.0 per cent in February as stable prices of farm produce helped keep inflation in check, state data showed Tuesday.
The on-year increase in the consumer price index compared to 1.1 per cent inflation posted in January, state-run Statistics Korea said.
It was the 16th straight month that the inflation rate has remained below the central Bank of Korea's target of 2.5 to 3.5 per cent. The core inflation rate-which excludes volatile oil and food prices-rose 1.7 per cent on-year in February after increasing at the same pace in January.
On year, overall prices of food fell 0.6 per cent, with prices of fresh produce such as fruit, vegetables and fish down 12.4 per cent.