South Korea Inflation Rate 1966-2014 | Data | Chart | Calendar | Forecast

The inflation rate in South Korea was recorded at 1.20 percent in October of 2014. Inflation Rate in South Korea averaged 7.83 Percent from 1966 until 2014, 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.

   
  Forecast  

South Korea Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.10 32.50 0.20 1966 - 2014 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. This page provides - South Korea Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - South Korea Inflation Rate - was last refreshed on Saturday, November 22, 2014.


South Korea Inflation Rate Edges Up in October


South Korean annual inflation rate accelerated for the first time in five months to 1.2 percent in October of 2014 from 1.1 percent in the previous month. On a monthly basis, consumer prices fell for the second straight month.

Cost of agricultural, livestock and fisheries products fell 1.9 percent year-on-year; cost of industrial goods increased 0.6 percent and prices of services rose 1.7 percent. Cost of fresh food decreased 6.6 percent. 

On a monthly basis, consumer prices dropped 0.3 percent, following a 0.1 percent fall in the previous month.

Annual core inflation rate slowed for the second consecutive month to 1.8 percent from 1.9 percent in September.

Joana Taborda | joana.taborda@tradingeconomics.com
11/3/2014 11:20:11 PM


Recent Releases

South Korea Inflation Continues to Slow in September
South Korean annual inflation eased to 1.10 percent in September of 2014 from 1.40 percent in the previous month, and below market expectations. The rate was the slowest in the last seven months, helped by stable prices of food and healthcare services. Published on 2014-10-01

South Korea Inflation Rate Eases in August
South Korean annual inflation eased to 1.40 percent in August of 2014 from 1.60 percent in the previous month, below market expectations. Prices of housing and utilities slowed while food and transport cost fell. Published on 2014-09-02


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-02 12:00 AM
Inflation Rate YoY  Aug 2014
1.4% 1.6% 1.6% 1.47%
2014-10-01 12:00 AM
Inflation Rate YoY  Sep 2014
1.1% 1.4% 1.5% 1.37%
2014-11-03 11:00 PM
Inflation Rate YoY  Oct 2014
1.2% 1.1% 1.4% 1.14%
2014-12-01 11:00 PM
Inflation Rate YoY  Nov 2014
1.2% 1.23%


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.10 32.50 0.20 percent [+]
Inflation Rate Mom -0.30 -0.10 5.29 -2.52 percent [+]
Consumer Price Index CPI 109.10 109.40 109.50 2.90 Index Points [+]
Core Inflation Rate 1.80 1.90 30.50 -0.30 percent [+]
Core Consumer Prices 109.10 109.10 109.20 10.70 Index Points [+]
GDP Deflator 103.00 104.60 104.80 4.20 Index Points [+]
Producer Prices 104.56 105.19 108.97 5.07 Index Points [+]
Producer Prices Change -0.70 -0.40 47.40 -4.36 percent [+]
Export Prices 87.52 86.91 168.80 14.92 Index Points [+]
Import Prices 92.22 93.03 116.89 4.81 Index Points [+]
Food Inflation 0.18 -0.45 6434.02 -4.50 percent [+]