S. Korea`s consumer price growth slows to 5.1 pct in September

SEOUL, Sept. 1 (Yonhap) -- South Korea's consumer prices grew at a slower pace in
September than in the previous month as oil and commodity prices showed signs of
stabilization, a government report showed Monday.

The consumer price index jumped 5.1 percent last month from a year earlier,
decelerating from a 5.6 percent on-year advance in the previous month, according
to the National Statistical Office (NSO).
Lower inflation comes from a drop in prices of oil and other commodities. The
price of Dubai crude, South Korea's benchmark, had fallen nearly 40 percent since
mid-July.
Still, the September inflation figure breached the central bank's target range
for a 10th straight month. The Bank of Korea aims to keep the nation's inflation
rate under 3.5 percent until 2009.