South Korea Inflation Edges Up in May

South Korean annual inflation rate increased to 0.5 percent in May of 2015 from 0.4 percent in April, matching market forecasts. Prices of food and non-alcoholic beverages surged and a decline in cost of transport eased.

Year-on-year, prices increased for: food and non-alcoholic beverages (+2.2 percent in May from +0.5 percent in April); clothing and footwear (+1.5 percent from +1.3 percent); furnishing, household equipment & routine maintenance (+2.7 percent from +2.5 percent) and education (1.7 percent from +1.6 percent). In contrast, prices declined for: housing & utilities (-1.2 percent from -0.4 percent); transport (-8.8 percent from -9.5 percent) and recreation and culture (-1.1 percent from -0.8 percent).

While prices remained stable for restaurants and hotels (+2.4 percent) and communication (-0.3 percent), cost moderated for health (+1.1 percent from +1.2 percent) and miscellaneous goods and services (+2.5 percent from +2.8 percent).

On a monthly basis, consumer prices rose 0.3 percent, as compared to a 0.1 percent in April.

Annual core inflation, which strips out volatile energy and food prices, inched up 2.1 percent from 2.0 percent in the previous month.

South Korea Inflation Edges Up in May

Statistics Korea l Rida Husna l
6/2/2015 8:27:19 AM