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S. Korea's consumer prices grow 0.8 pct on-year in Sept.

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(Globalpost/GlobalPost)

SEJONG, Oct. 1 (Yonhap) -- South Korea's consumer prices grew at the slowest pace in 14 years in September, affected by falls in costs of farming products, a government report showed Tuesday.

The country's consumer price index rose 0.8 percent on-year in September, decelerating from a 1.3 percent gain tallied in the previous month, according to the report by Statistics Korea.

The September figure marked the slowest on-year consumer price growth since September 1999 when it also grew 0.8 percent.

The core inflation, which excludes volatile oil and food prices, increased 1.6 percent on-year in September. From a month earlier, it also grew 0.4 percent, the report showed.

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http://www.globalpost.com/dispatch/news/yonhap-news-agency/131001/s-koreas-consumer-prices-grow-08-pct-year-sept