South Korea Food Inflation  Forecast


Food Inflation in South Korea is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in South Korea to stand at 3.10 in 12 months time. In the long-term, the South Korea Food Inflation is projected to trend around 2.90 percent in 2020, according to our econometric models.


South Korea Food Inflation
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South Korea Prices Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 2.6 2.2 2.3 2.1 2.3 2.8
Inflation Rate Mom 0.6 0.3 0.1 0.13 0.12 0.2
Consumer Price Index CPI 103 104 104 105 105 104
Core Consumer Prices 103 104 105 106 106 113
Core Inflation Rate 1.8 1.8 2.1 1.9 2.1 3.2
GDP Deflator 111 115 118 120 122 146
Producer Prices 102 103 104 106 107 114
Producer Prices Change 3.2 3.9 3.7 3.3 3.5 1.9
Export Prices 85.71 88 91 93 95 104
Import Prices 81.22 84 86 88 90 103
Food Inflation 7.4 2.2 3.1 2.8 3.1 2.9
CPI Transportation 100 102 103 103 104 108