South Korea Inflation Rate  1966-2018 | Data | Chart | Calendar | Forecast

Consumer prices in South Korea increased by 1.5 percent year-on-year in December 2017, following a 1.3 percent rise in the previous month and matching market expectations. The Bank of Korea's inflation target is currently 2 percent. Core CPI, which excludes oil and agricultural products, rose 1.5 percent, accelerating from 1.2 percent in November. On a monthly basis, consumer prices climbed 0.3 percent after falling 0.7 percent in the previous month. Inflation Rate in South Korea averaged 7.42 percent from 1966 until 2017, reaching an all time high of 32.50 percent in October of 1980 and a record low of 0.20 percent in February of 1999.

South Korea Inflation Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




South Korea Inflation Rate Climbs to 1.5%


Consumer prices in South Korea increased by 1.5 percent year-on-year in December 2017, following a 1.3 percent rise in the previous month and matching market expectations. The Bank of Korea's inflation target is currently 2 percent.

Prices rose at a faster pace for: housing and utilities (1.5 percent from 0.3 percent in November); restaurants and hotels (2.7 percent from 2.6 percent); health (0.4 percent from 0.3 percent); clothing and footwear (1.3 percent from 1.1 percent); miscellaneous goods and services (3.2 percent from 2.5 percent); and furnishings, household equipment & routine maintenance (1.8 percent from 1.7 percent). Meanwhile, inflation was unchanged for education (at 1 percent), communication (at 0.7 percent) and alcoholic beverages and tobacco (at 1.4 percent); and slowed for food and non-alcoholic beverages (0.2 percent from 0.5 percent); and transport (3.1 percent from 3.6 percent).

Prices of recreation and culture continued to fall (-0.6 percent from -0.9 percent).

Annual core inflation rate, which excludes food and energy, rose to 1.5 percent in December from 1.4 percent in the previous month.

On a monthly basis, consumer prices increased by 0.3 percent, following a 0.7 percent drop in November and beating market expectations of 0.2 percent.

The annual CPI for 2017 increased 1.9 percent compared to the previous year, with core inflation rising 1.5 percent.


Mario | mario@tradingeconomics.com
12/29/2017 3:34:17 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-31 11:00 PM Inflation Rate YoY 1.8% 2.1% 1.9% 2.2%
2017-11-30 11:00 PM Inflation Rate YoY 1.3% 1.8% 1.8% 2.2%
2017-12-28 11:00 PM Inflation Rate YoY 1.5% 1.3% 1.5% 1.7%
2018-01-31 11:00 PM Inflation Rate YoY 1.5% 1.70%
2018-03-05 11:00 PM Inflation Rate YoY 1.80%
2018-04-02 11:00 PM Inflation Rate YoY 1.80%


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.30 32.50 0.20 percent [+]
Inflation Rate Mom 0.30 -0.70 5.29 -2.52 percent [+]
Consumer Price Index CPI 103.04 102.72 103.59 2.63 Index Points [+]
Core Consumer Prices 103.38 103.19 103.49 9.61 Index Points [+]
Core Inflation Rate 1.50 1.40 30.50 -0.40 percent [+]
GDP Deflator 113.59 110.74 113.59 0.79 Index Points [+]
Producer Prices 103.02 103.14 108.97 5.08 Index Points [+]
Producer Prices Change 3.10 3.60 47.40 -4.70 percent [+]
Export Prices 84.50 85.68 168.80 14.92 Index Points [+]
Import Prices 82.34 82.87 116.89 4.81 Index Points [+]
Food Inflation 0.20 0.50 6434.02 -4.50 percent [+]
CPI Transportation 102.48 102.02 112.54 27.63 Index Points [+]


South Korea Inflation Rate

In South Korea, the most important categories in the consumer price index are Housing, water, electricity, gas and other fuels (17 percent of total weight) and Food and non-alcoholic beverages (13.6 percent of total weight). Others include Restaurants and hotels (12 percent); Education (11.4 percent); Transportation (10.9 percent); Health (7.3 percent); and Clothing and footwear (6.2 percent). The components with the least weight are Communication at 5.8 percent; Miscellaneous goods and services at 5.4 percent; Recreation and culture at 5.3 percent; Furnishings, household equipment and routine maintenance at 3.8 percent; and Alcoholic beverages and tobacco at 1.24 percent. This page provides the latest reported value for - South Korea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 32.50 0.20 1966 - 2017 percent Monthly
2010=100, NSA




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.95 Dec/17
Canada 2.10 Nov/17
China 1.80 Dec/17
Euro Area 1.40 Dec/17
France 1.20 Dec/17
Germany 1.70 Dec/17
India 5.21 Dec/17
Indonesia 3.61 Dec/17
Italy 0.90 Dec/17
Japan 0.60 Nov/17
Mexico 6.77 Dec/17
Netherlands 1.30 Dec/17
Russia 2.50 Dec/17
South Korea 1.50 Dec/17
Spain 1.10 Dec/17
Switzerland 0.80 Dec/17
Turkey 11.92 Dec/17
United Kingdom 3.00 Dec/17
United States 2.10 Dec/17


Related

Latest