People shop for groceries at a supermarket in Seoul on Sunday. The prices of vegetables and fruits have been on the rise following heavy rains and heat waves. (Yonhap) The on-year growth in consumer prices is likely to bounce back to the 3 percent range from this month due to the spike in international oil prices.While inflation in Korea has been easing off this year, the Finance Ministry expects it to climb back, reaching the 3 percent range before coming down again in October.Korea's on-year growth in consumer prices has been showing signs of slowing down this year.

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