South korea: South Korea's consumer prices rose at the slowest pace in five months in January, government data showed Tuesday. Consumer prices, a key gauge of inflation, increased 2 percent from a year earlier last month.

According to Yonhap News Agency, the data from the Ministry of Data and Statistics indicates that this is the smallest on-year increase since August, when the figure stood at 1.7 percent. Inflation had remained above the Bank of Korea's 2 percent target for four consecutive months from September to December.