Consumer prices in South Korea were up 0.9 percent on year in October, Statistics Korea said on Tuesday as price growth remained below 1.0 percent for the 10th straight month.

That beat forecasts for 0.7 percent and was up from 0.6 percent in September.

On a monthly basis, inflation was flat versus expectations for a decline of 0.1 percent following the 0.2 percent contraction in the previous month.

Core inflation, which excludes the volatile costs of food, added 0.2 percent on month and 2.3 percent on year in October after easing 0.1 percent on month and rising 2.1 percent on year in September.

The material has been provided by InstaForex Company – www.instaforex.com