A man shops at a market in Seoul August 1, 2012. South Korean inflation in July slid far more than expected to an over 12-year low, government data showed on Wednesday, reinforcing the market's growing view for a back-to-back interest rate cut next week. The consumer price index rose 1.5 percent in July from a year earlier, Statistics Korea data showed, compared with annual gains of 2.2 percent in June and 2.5 percent in May. The index fell 0.2 percent in July from the previous month. REUTERS/Lee Jae-Won (SOUTH KOREA - Tags: BUSINESS)