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S. Korea inflation slows to 1.4% in August on stable agriculture

SEOUL -- South Korea's inflation rate slowed to 1.4 percent in August, helped by stable prices of farming goods, government data showed Tuesday.

The increase in the consumer price index was compared to a 1.6 percent gain in July. It was the slowest growth pace since April when consumer prices rose 1.5 percent.

Stable consumer prices last month helped the Bank of Korea cut interest rates by 25 basis points to 2.25 percent — the lowest since November 2010.

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