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Inflation In South Korea Just Fell To Zero
Bank of Korea Governor Lee Ju- yeol previewed this last month, but it's still well worth mentioning: Inflation has fallen to zero in South Korea.
August CPI was unchanged YoY, against estimates for a 0.2% uptick.
It was the lowest reading in history or, more accurately, the lowest since 1965, when the country started releasing inflation data.
Last week, Governor Lee said it's conceivable the country could see negative inflation for a couple of months, but contended that the risk of deflatio
