South Korea’s inflation slows more than expected in April

Consumer prices advanced 2.9% in April from a year earlier, decelerating from 3.1% in March. — Reuters

Seoul: South Korea’s inflation slowed more than expected in an indication authorities are making progress in their campaign to cool price growth.

Consumer prices advanced 2.9% in April from a year earlier, decelerating from 3.1% in March, the the country’s statistics office reported yesterday.