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

Consumer prices in South Korea increased by 1.6 percent year-on-year in April of 2018, following a 1.3 percent rise in the previous month and matching market expectations. Prices rose at a faster pace for food & non-alcoholic beverages, restaurants & hotels and transport, while housing & utilities inflation eased. Core CPI, which excludes oil and agricultural products, rose 1.4 percent, following a 1.3 percent increase in March. On a monthly basis, consumer prices edged up 0.1 percent after inching down 0.1 percent in the previous month and below consensus expectations of a 0.2 percent climb. Inflation Rate in South Korea averaged 7.39 percent from 1966 until 2018, 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 Rises As Expected


Consumer prices in South Korea increased by 1.6 percent year-on-year in April of 2018, following a 1.3 percent rise in the previous month and matching market expectations.

Prices rose at a faster pace for: food and non-alcoholic beverages (2.9 percent vs 1.5 percent in March); restaurants and hotels (2.7 percent vs 2.5 percent); transport (1.6 percent vs 1.4 percent); education (1.3 percent vs 1.2 percent); clothing and footwear (2.1 percent vs 1.3 percent); and miscellaneous goods and services (0.8 percent vs 0.3 percent). Meanwhile, housing and utilities inflation eased to 1.1 percent in April from 1.3 percent in March.

For 2018, the Bank of Korea sees inflation at 1.7 percent.

Core CPI, which excludes oil and agricultural products, rose 1.4 percent, following a 1.3 percent increase in March.

On a monthly basis, consumer prices edged up 0.1 percent after inching down 0.1 percent in the previous month and below consensus expectations of a 0.2 percent climb.


Statistics Korea | Mario | mario@tradingeconomics.com
5/2/2018 9:41:24 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-05 11:00 PM Inflation Rate YoY 1.4% 1.0% 1.2% 1.3%
2018-04-02 11:00 PM Inflation Rate YoY 1.3% 1.4% 1.6% 1.5%
2018-05-01 11:00 PM Inflation Rate YoY 1.6% 1.3% 1.6% 1.4%
2018-05-31 11:00 PM Inflation Rate YoY 1.6% 1.4%
2018-07-02 11:00 PM Inflation Rate YoY 1.5%
2018-07-31 11:00 PM Inflation Rate YoY 1.5%


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.30 32.50 0.20 percent [+]
Inflation Rate Mom 0.10 -0.10 5.29 -2.52 percent [+]
Consumer Price Index CPI 104.30 104.16 104.30 2.63 Index Points [+]
Core Consumer Prices 104.32 104.13 104.32 9.61 Index Points [+]
Core Inflation Rate 1.40 1.30 30.50 -0.40 percent [+]
GDP Deflator 109.49 113.81 113.81 0.79 Index Points [+]
Producer Prices 104.13 104.04 108.97 5.08 Index Points [+]
Producer Prices Change 1.60 1.30 47.40 -4.70 percent [+]
Export Prices 83.85 84.27 168.80 14.92 Index Points [+]
Import Prices 85.03 83.94 116.89 4.81 Index Points [+]
Food Inflation 2.90 1.50 6434.02 -4.50 percent [+]
Cpi Housing Utilities 101.83 101.86 101.86 31.61 Index Points [+]
CPI Transportation 102.93 103.24 112.54 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.30 32.50 0.20 1966 - 2018 percent Monthly
2015=100, NSA




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.76 Apr/18
Canada 2.20 Apr/18
China 1.80 Apr/18
Euro Area 1.20 Apr/18
France 1.60 Apr/18
Germany 1.60 Apr/18
India 4.58 Apr/18
Indonesia 3.41 Apr/18
Italy 0.50 Apr/18
Japan 0.60 Apr/18
Mexico 4.55 Apr/18
Netherlands 0.90 Apr/18
Russia 2.40 Apr/18
South Korea 1.60 Apr/18
Spain 1.10 Apr/18
Switzerland 0.80 Apr/18
Turkey 10.85 Apr/18
United Kingdom 2.40 Apr/18
United States 2.50 Apr/18


Related

Latest