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

The inflation rate in South Korea was recorded at 1.10 percent in September of 2014. Inflation Rate in South Korea averaged 7.84 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.

   
 
 

South Korea Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.40 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 Wednesday, October 1, 2014.


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.

On a month-on-month basis, the inflation rate fell to -0.1 percent from a 0.2 percent increase in August.

Core CPI, which strips out volatile energy and food prices, gained 1.9 percent year-on-year in September compared to a 2.4 percent increase in August.

The central bank of Korea expects inflation in Asia's fourth-largest economy to accelerate to 1.9 percent in 2014 following a 1.3 percent increase in 2013.

rida@tradingeconomics.com
10/1/2014 8:40:27 AM


Recent Releases

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

South Korea Inflation Slows in July
South Korean annual inflation slowed to 1.60 percent in July of 2014 from 1.70 percent in the previous month. Prices of clothing and footwear rose the most while education costs remained stable in the month. Published on 2014-08-01


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-01 12:00 AM South Korea
Inflation Rate YoY
Jun 2014 1.7% 1.7% 1.9% 1.82%
2014-08-01 12:00 AM South Korea
Inflation Rate YoY
Jul 2014 1.6% 1.7% 1.6% 1.55%
2014-09-02 12:00 AM South Korea
Inflation Rate YoY
Aug 2014 1.4% 1.6% 1.6% 1.47%
2014-10-01 12:00 AM South Korea
Inflation Rate YoY
Sep 2014 1.1% 1.4% 1.5% 1.37%
2014-11-03 11:00 PM South Korea
Inflation Rate YoY
Oct 2014 1.1% 1.29%


Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.40 32.50 0.20 Percent [+]
Inflation Rate Mom -0.10 0.17 5.29 -2.52 Percent [+]
Consumer Price Index CPI 109.40 109.50 109.50 2.90 Index Points [+]
Core Inflation Rate 1.90 2.40 30.50 -0.30 Percent [+]
Core Consumer Prices 109.10 109.20 109.20 10.70 Index Points [+]
GDP Deflator 103.00 104.60 104.80 4.20 Index Points [+]
Producer Prices 105.57 105.68 108.97 5.07 Index Points [+]
Producer Prices Change -0.20 0.20 47.40 -4.36 Percent [+]
Export Prices 87.12 86.99 168.80 14.92 Index Points [+]
Import Prices 94.16 94.94 116.89 4.81 Index Points [+]
Food Inflation 0.18 -0.45 6434.02 -4.50 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Sep/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Sep/14 0.80 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 4.53 Sep/14 3.99 82.40 -1.17 Percent [+]
Italy -0.10 Sep/14 -0.10 25.64 -2.44 Percent [+]
Japan 3.30 Aug/14 3.40 25.00 -2.52 Percent [+]
Mexico 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.10 Sep/14 1.40 32.50 0.20 Percent [+]
Spain -0.20 Sep/14 -0.50 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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