S. Korea's average consumer inflation for 2019 hits record low
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South Korea's average consumer inflation in 2019 edged up just point-four percent on-year, the lowest since Statistics Korea first began compiling related figures in 1965.
It's just the third time South Korea has seen annual consumer inflation fall below one percent, after 1999 and 2015.
South Korea experienced low inflation over the past several months mainly due to lower oil prices and demand side pressure.
Inflation for December went up point seven percent on-year, rising for the second consecutive month.
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