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Consumer prices in South Korea were up 1.3 percent on year in November, Statistics Korea said on Friday.
That was well shy of forecasts for 1.9 percent and down from 1.8 percent in October.
On a monthly basis, inflation was down 0.7 percent after easing 0.2 percent in the previous month.
Core CPI was down 0.3 percent on month and up 1.4 percent on year after adding 0.2 percent on month and 1.6 percent on year a month earlier.