South Korea’s inflation slowed more than expected to the central bank’s target, opening the door for monetary officials to conduct a policy pivot as soon as next month if home prices also show signs of easing, Bloomberg News reported. Consumer prices advanced 2% in August from a year earlier, moderating from a 2.6% clip in July, the statistics office reported Tuesday. Economists surveyed by Bloomberg had forecast the pace of price growth would ease to 2.1%. The deceleration was amplified somewhat by comparisons with last year, when price growth surged on higher energy costs.
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