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

The inflation rate in South Korea was recorded at 0.40 percent in March of 2015. Inflation Rate in South Korea averaged 7.77 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.

     Forecast  
South Korea Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.40 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. 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 Sunday, April 26, 2015.


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.

Year-on-year, downward pressures came from: transport (-9.7 percent in March from -11.1 in the preceding month), recreation & culture (-0.9 percent from +0.1 percent) and housing, water, electricity, gas and other fuels (-0.4 percent from +0.4 percent). Cost of communication also declined by 0.1 percent, following a 0.1 percent drop in the previous month.

Prices moderated for: food and non-alcoholic beverages (+0.6 percent from +1.6 percent); clothing and footwear (+1.7 percent from +1.8 percent); furnishing, household equipment & routine maintenance (+2.7 percent from +2.8 percent); health (+1.1 percent from +1.2 percent); education (+1.5 percent from +1.7 percent) and miscellaneous goods and services (+3.0 percent from +3.3 percent). Prices increased only for alcoholic beverages and tobacco (+49.8 percent from +49.6 percent) and reataurants & hotels (+2.2 percent from +1.6 percent).

On a monthly basis, consumer prices were flat in March.

Annual core inflation, which strips out volatile energy and food prices, slowed to 2.1 percent from 2.3 percent in the previous month.

Statistics Korea l Rida Husna l rida@tradingeconomics.com
4/1/2015 3:31:54 PM


Recent Releases

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 Inflation Rate Stable at 0.8%
South Korean annual inflation rate was steady at 0.8 percent in January of 2015, remaining at a fifteen-year low. Prices of fresh food fell again while cost of industrial goods rose slightly. Published on 2015-02-02


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-02 11:00 PM
Inflation Rate YoY  Jan
0.8% 0.8% 0.9% 0.88%
2015-03-02 11:00 PM
Inflation Rate YoY  Feb
0.5% 0.8% 0.8% 0.68%
2015-04-01 12:00 AM
Inflation Rate YoY  Mar
0.4% 0.5% 0.4% 0.45%
2015-05-01 12:00 AM
Inflation Rate YoY  Apr
0.4% 0.4%
2015-05-26 09:00 PM
Inflation Rate YoY  May
1.06%
2015-06-25 09:00 PM
Inflation Rate YoY  Jun
1.11%


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.50 32.50 0.20 percent [+]
Inflation Rate Mom 0.00 0.00 5.29 -2.52 percent [+]
Consumer Price Index CPI 109.40 109.40 109.50 2.90 Index Points [+]
Core Inflation Rate 2.10 2.30 30.50 -0.30 percent [+]
Core Consumer Prices 110.60 110.40 110.60 10.70 Index Points [+]
GDP Deflator 103.00 105.20 105.20 4.20 Index Points [+]
Producer Prices 101.80 101.92 108.97 5.07 Index Points [+]
Producer Prices Change -3.70 -3.60 47.40 -4.36 percent [+]
Export Prices 84.46 83.69 168.80 14.92 Index Points [+]
Import Prices 82.56 82.26 116.89 4.81 Index Points [+]
Food Inflation 0.58 1.61 6434.02 -4.50 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]