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flag South Korea's inflation slows to 1.7%, driven by a major telecom discount post-data breach.

flag South Korea's consumer prices grew by 1.7% year-on-year in August, the slowest pace in nine months. flag This slowdown is largely due to a significant drop in telecommunication fees, following a 50% discount by SK Telecom for over 24 million users after a data breach. flag The core consumer price index, excluding food and energy, increased by 1.3%, its lowest rise since August 2021.

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