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 2.60 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.


Forecast Data Chart
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South Korea Prices Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 2 1.7 1.8 1.9 2 2.3
Inflation Rate Mom -0.2 0.5 0.6 0.4 0.4 0.2
Consumer Price Index CPI 105 105 106 106 108 109
Core Consumer Prices 105 105 106 106 106 108
Core Inflation Rate 1.1 1.1 1.5 1.8 1.7 2.2
GDP Deflator 111 114 112 110 113 117
Producer Prices 106 106 107 107 108 111
Producer Prices Change 2.7 3.1 2.8 2.5 2.2 1.9
Export Prices 88.32 87 85.7 86.4 83.8 84
Import Prices 92.06 91 88.5 88.9 91.6 94
Food Inflation 5.6 2.2 2.5 2.8 2.6 2.9
Cpi Housing Utilities 102 103 104 104 104 107
CPI Transportation 107 104 105 107 107 109