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(From The Korea Herald)
By Sim Sung-tae Consumer prices dropped for the first time in six months in May, giving the central bank room to keep the interest rate at a record low, according to data from the National Statistical Office yesterday.
The consumer price index, which measures changes in retail prices paid by consumers, was down 0.1 percent on-month in May as food prices fell. There was no change in April.
"We could have see a bigger fall in consumer prices in May if oil prices hadn't risen so sharply," said Je Jung-bon, director of the statistics agency's price information division. "The prices of food and fishery products in the second half …