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S Korea inflation stable at 1.1% in January

South Korean consumer prices rose 1.1 per cent in January, well below the central bank's target inflation band, official data showed Tuesday.

SEOUL: South Korean consumer prices rose 1.1 per cent in January, well below the central bank's target inflation band, official data showed Tuesday.

The on-year increase in the consumer price index was unchanged from the December figure, Statistics Korea said.

It marked the 15th straight month that the inflation rate has remained below the central Bank of Korea's target of 2.5-3.5 per cent.

Consumer prices for the whole of 2013 rose just 1.3 per cent from the previous year.

The central bank has held its key policy interest at at 2.5 per cent since May.

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