South Korea Inflation Rate  Forecast


Inflation Rate in South Korea is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in South Korea to stand at 2.40 in 12 months time. In the long-term, the South Korea Inflation Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.


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South Korea Prices Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 2.1 2.3 2.1 2.3 2.4 2.8
Inflation Rate Mom 0.1 0.1 0.34 0.37 0.39 0.2
Consumer Price Index CPI 104 104 105 105 104 104
Core Consumer Prices 103 105 106 106 103 113
Core Inflation Rate 1.6 2.1 1.9 2.1 2.5 3.2
GDP Deflator 111 118 120 122 112 146
Producer Prices 103 104 106 107 103 114
Producer Prices Change 3.6 3.7 3.3 3.5 3.91 1.9
Export Prices 86.58 91 93 95 86.57 104
Import Prices 82.62 86 88 90 81.76 103
Food Inflation 3.3 3.2 3 2.9 2.5 2.9
CPI Transportation 101 103 103 104 101 108