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South Korea's inflation rate falls below 2%, dropping to 1.9% in May, its fifth month below target.
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.
This decline, attributed to lower agricultural product prices and cheaper crude oil, marks a significant easing from January's 2.2%.
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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La tasa de inflación de Corea del Sur cae por debajo del 2%, bajando al 1,9% en mayo, su quinto mes por debajo de la meta.