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Consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday.

That exceeded expectations for a flat reading following the 0.1 percent decline in June.

On a yearly basis, inflation climbed 2.6 percent – again beating forecasts for 2.4 percent, which would have been unchanged.

Core CPI was up 0.4 percent on month following the flat reading in June; it was steady at 1.2 percent on year.


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