South Korea’s Inflation Moderates to Lowest in 21 Months

01/05/2012 09:23 AST

South Korea’s exports declined for a second month in April and inflation cooled, adding pressure on the central bank to hold interest rates next week.

Overseas shipments fell 4.7 percent from a year earlier, after a 1.4 percent decline in March, the Ministry of Knowledge Economy said in a statement today. The median estimate in a Bloomberg News survey of 13 economists was for a 1.1 percent drop. A separate report today showed that inflation moderated to a 21-month low last month.

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