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SEOUL， Sept. 1 (Xinhua) -- Headline inflation in South Korea fell to the lowest in 16 months due to lower crude prices and a cut in electric charges， a government report showed on Thursday.


Consumer prices rose 0.4 percent in August from a year earlier， according to Statistics Korea. It was the slowest increase in 16 months since April 2015， staying below 1 percent for four months in a row.


Oil product prices tumbled 8.8 percent on cheaper crude oil， dragging down the consumer price inflation by 0.37 percentage points.


Prices for electricity， tap water and gas plunged 12.6 percent as the government made a temporary cut in power rates during the summer season between July and September， pulling down the headline inflation by 0.57 percentage points.


Farm goods prices， however， gained 1 percent over the year in August as a scorching heat reduced vegetable crops. Fishery product prices jumped 6.5 percent， raising the inflation by 0.07 percentage points.


The finance ministry said in a separate statement that the lower inflation came mainly from temporary factors， expecting the consumer price inflation to pick up from October when the temporary cut in electric charges end.


Weaker inflationary pressures may encourage Bank of Korea (BOK) to cut its benchmark interest rate further from the current record-low rate of 1.25 percent amid the delayed economic recovery.


However， the BOK is widely forecast to refrain from altering the rate as the U.S. Federal Reserve could raise interest rates at least once within this year.


Services prices gained 1.9 percent over the year in August as housing rents advanced at a fast pace. Clothing and shoes prices increased 2.0 percent， and those for restaurant and lodging costs climbed 2.3 percent.


Core prices， which exclude volatile agricultural and oil products， rose 1.1 percent last month， with the OECD-method core prices that exclude food and energy costs picking up 1.7 percent.


The so-called livelihood prices， which reflect daily necessities， shed 0.6 percent in August， the first fall in 11 months since September 2015.


Fresh food prices that reflect vegetable and fruit advanced 2.8 percent as the heat wave reduced crops. It posted the rebound in three months.


Prices for napa cabbage and green chilli pepper surged 58 percent and 30.9 percent each， with spinach prices soaring 30.7 percent. Crab prices jumped 45.1 percent， while beef prices advanced 13.7 percent.


Among public services costs， sewerage service fees gained 16.1 percent， with those for outpatient treatment services rising 2.0 percent. Costs of hospitalization increased 2.2 percent.


Tuition fees for high school students at private academies gained 2.7 percent， with prices for alcohol Soju jumping 13.2 percent. Costs for joint maintenance of apartments advanced 3.5 percent.


Industrial goods prices shed 0.5 percent on the back of lower oil product prices.


ROME Cheap Men's Nike Dunk Low Pro SB Ironstone Barn White , Oct. 13 (Xinhua) -- The State of Food and Agriculture 2015 published by FAO here on Monday found social protection an emerging critical tool in the drive to eradicate hunger, yet the vast majority of the world's rural poor are yet to be covered.


According to the report, in poor countries Cheap Men's Nike Dunk High Pro SB Black White , social protection schemes, such as cash transfers, school feeding and public works Cheap Men's Nike Dunk Low Pro SB Black White , offered an economical way to provide vulnerable people with opportunities to move out of extreme poverty and hunger and to improve their children's health, education and life chances.


Such programs currently benefited 2.1 billion people in developing countries in various ways, including keeping 150 million people out of extreme poverty.


Expanding such programs in rural areas and linking them to inclusive agricultural growth policies would rapidly reduce the number of poor people Cheap Men's Nike Dunk Low Pro SB Puff N Stuff Oil Green Blue , the report said.


Most countries, even the poorest, could afford some kind of social protection program.


FAO estimated that globally Cheap Men's Nike Dunk High PRO SB Suede Black Grey , some 67 billion U.S. dollars a year in income supplements, mostly provided by social protection programs, would Cheap Men's Nike SB Dunk Low Pro Dusty Peach Photo Blue-Desert Ore , along with other targeted pro-poor investments in agriculture, allow for the eradication of hunger by 2030. That is less than 0.10 percent of world GDP.


The report stressed that the notion that social protection reduces people's work effort is a myth. Rather, recipients often respond to social protection positively.


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