The annual inflation rate in South Korea increased to 3.2 percent in October of 2021 from 2.5 percent in the previous month and compared to forecasts of a 3.15 percent rise, remaining above the central bank's annual 2 percent target for the seventh consecutive month. It was the highest inflation since January of 2012 amid upward pressure coming from fresh food (+7.5 percent), and industrial products, utilities, livestock, and fishery products (+3.2 percent). On a monthly basis, consumer prices rose by 0.1 percent, in line with market estimates, and easing from a 0.5 percent gain in September. source: Statistics Korea

Inflation Rate Mom in South Korea averaged 0.55 percent from 1965 until 2021, reaching an all time high of 5.29 percent in February of 1974 and a record low of -2.52 percent in November of 1966. This page provides the latest reported value for - South Korea Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Inflation Rate Mom in South Korea is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Inflation Rate MoM is projected to trend around 0.20 percent in 2022, according to our econometric models.

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South Korea Inflation Rate MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-10-05 11:00 PM Sep 0.5% 0.6% 0.25% 0.4%
2021-11-01 11:00 PM Oct 0.1% 0.5% 0.1% 0.2%
2021-12-01 11:00 PM Nov 0.1% -0.15% -0.1%


Related Last Previous Unit Reference
Inflation Rate 3.20 2.50 percent Oct/21
Inflation Rate Mom 0.10 0.50 percent Oct/21
Consumer Price Index CPI 108.97 108.83 points Oct/21
Core Inflation Rate 2.80 1.90 percent Oct/21
Core Consumer Prices 108.61 108.25 points Oct/21
Food Inflation 1.60 3.30 percent Oct/21
CPI Transportation 109.30 107.79 points Oct/21
CPI Housing Utilities 106.12 105.49 points Oct/21
South Korea Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.