South Korea Inflation Rate 1966-2015 | Data | Chart | Calendar | Forecast

The inflation rate in South Korea was recorded at 0.70 percent in June of 2015. Inflation Rate in South Korea averaged 7.73 percent from 1966 until 2015, 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. Inflation Rate in South Korea is reported by the Statistics Korea.

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South Korea Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.50 32.50 0.20 1966 - 2015 percent Monthly
2010=100, NSA
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. Content for - South Korea Inflation Rate - was last refreshed on Sunday, July 5, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-01 12:00 AM Apr 0.4% 0.4% 0.4% 0.4%
2015-06-02 12:00 AM May 0.5% 0.4% 0.5% 0.5%
2015-07-01 12:00 AM Jun 0.7% 0.5% 0.7% 0.57%
2015-07-24 09:00 PM Jul 0.7% 0.63%
2015-08-26 09:00 PM Aug 0.68%
2015-09-25 09:00 PM Sep 0.73%


South Korea Inflation Rate at 5-Month High


South Korean annual inflation rate was at 0.7 percent in June of 2015, up from 0.5 percent in May and matching market consensus. It is the highest inflation since January this year, as prices of food and non-alcoholic beverages and restaurants and hotels increased while the decline in cost of transport eased.

Year-on-year, prices increased for: food and non-alcoholic beverages (+2.7 percent in June from +2.2 percent in May); restaurants and hotels (+2.5 percent from +2.4 percent) and furnishing, household equipment & routine maintenance (+3.0 percent from +2.7 percent). In contrast, prices declined for: housing & utilities (-1.1 percent from -1.2 percent); transport (-7.7 percent from -8.8 percent), communication (-0.2 percent from -0.3 percent) and recreation and culture (-0.9 percent from -1.1 percent).

Prices moderated for clothing and footwear (+0.8 percent from +1.5 percent) and miscellaneous goods and services (+2.0 percent from +2.5 percent). Cost remained stable for health (+1.1 percent) and education (+1.7 percent).

On a monthly basis, consumer prices were flat in June, following a a 0.3 percent rise in May.

Annual core inflation, which strips out volatile energy and food prices, rose 2.0 percent from 2.1 percent in the previous month.

For 2015, the country's central bank expects inflation to be between 2.5 percent to 3.5 percent. 

Statistics Korea l Rida Husna l rida@tradingeconomics.com
7/1/2015 12:12:47 PM


Recent Releases

South Korea Inflation Edges Up in May
South Korean annual inflation rate increased to 0.5 percent in May of 2015 from 0.4 percent in April, matching market forecasts. Prices of food and non-alcoholic beverages surged and a decline in cost of transport eased.
Published on 2015-06-02

South Korea Inflation Rate Stable at 0.4% in April
South Korean annual inflation rate eased to 0.4 percent in April of 2015, the same pace as in the precious month and matching market forecasts. The figure is the lowest since July of 1999.
Published on 2015-05-01

South Korea Inflation Rate Lowest in Almost 16 Years
South Korean annual inflation rate eased to 0.4 percent in March of 2015 from a 0.5 percent n February, as cost of transport, recreation & culture and housing and utilities declined. The figure came slightly below market forecasts and is the lowest since July of 1999.
Published on 2015-04-01

South Korea Inflation Rate Slows to 15-1/2-Year Low
South Korean annual inflation rate eased to 0.5 percent in February of 2015, the lowest figure since July of 1999, due to a fall in prices of industrial goods and fresh food.
Published on 2015-03-02


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.50 32.50 0.20 percent [+]
Inflation Rate Mom 0.00 0.30 5.29 -2.52 percent [+]
Consumer Price Index CPI 109.80 109.80 109.80 2.90 Index Points [+]
Core Inflation Rate 2.00 2.10 30.50 -0.30 percent [+]
Core Consumer Prices 111.10 111.10 111.10 10.70 Index Points [+]
GDP Deflator 106.70 103.00 106.70 4.20 Index Points [+]
Producer Prices 101.87 101.78 108.97 5.07 Index Points [+]
Producer Prices Change -3.50 -3.60 47.40 -4.36 percent [+]
Export Prices 83.77 82.92 168.80 14.92 Index Points [+]
Import Prices 81.56 80.54 116.89 4.81 Index Points [+]
Food Inflation 2.66 2.24 6434.02 -4.50 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]