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flag South Korea's inflation rate falls below 2%, dropping to 1.9% in May, its fifth month below target.

flag South Korea's consumer price inflation dropped to 1.9% in May, falling below the Bank of Korea's 2% target for the fifth straight month. flag This decline, attributed to lower agricultural product prices and cheaper crude oil, marks a significant easing from January's 2.2%. flag The Bank of Korea has lowered interest rates four times, aiming to boost economic growth amid global uncertainties, including U.S. tariffs.

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