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S.Korea sees high inflation despite lower oil
Reuters - Friday, August 22
SEOUL, Aug 22 - South Korean Finance Minister Kang Man-soo said on Friday the country's high inflation is expected to continue despite a recent weakening in oil prices.
"Higher domestic inflation is likely to continue through next month although oil prices recently stabilised," he told reporters before a meeting with other ministers.
South Korea's consumer inflation hit a near 10-year high of 5.9 percent in July. (Reporting by Lee Shin-hyung, writing by Cheon Jong-woo; Editing by Jonathan Thatcher)
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