June 22, 2011 / 3:03 AM / 8 years ago

S.Korea fin min concerned about high inflation persisting

SEOUL, June 22 (Reuters) - South Korea’s finance minister said on Wednesday he was concerned as consumer inflation was not easing as quickly as the government had expected and could stay high for longer than anticipated.

“(Inflation) is not falling as quickly as expected,” Minister Bahk Jae-wan told a parliamentary committee session. “I am concerned the high inflation trend could continue for a considerable time led by demand-side factors.” (Reporting by Yoo Choonsik; Editing by Jonathan Hopfner)

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