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South Korean Inflation Accelerates

SEOUL, South Korea -- Headline inflation surged to a three-year high during August while import growth outpaced exports, as the world's fourth-largest oil importer struggles against surging crude-oil prices amid a prolonged slowdown in domestic demand.

Data released yesterday showed consumer prices grew faster for the third consecutive month during August, rising 4.8% from the year-earlier month to a three-year high, as persistently strong international oil prices sent domestic prices sharply higher across the board.


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