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S Korea inflation expectations hit 13-mth low in Apr

South Korea’s key consumer sentiment index rose to a near one-year high in April while inflation expectations fell to a 13-month low, a central bank survey showed on Wednesday, indicating inflationary pressures may be gradually easing.

The Bank of Korea said in a statement that its consumer sentiment index rose to 104 in April from 101 in March, pointing to a more optimistic outlook on living conditions to come. April’s reading was the highest since May 2011. 

(Source: CNBC)