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

The inflation rate in South Korea was recorded at 0.50 percent in February of 2015. Inflation Rate in South Korea averaged 7.78 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
0.50 0.80 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 Monday, March 30, 2015.


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.

Downward pressures came from cost of industrial goods (-0.8 percent) and fresh food (-1.1 percent). In contrast, prices of services increased 1.5 percent while cost of agricultural, livestock and fisheries products rose 1.1 percent.

In January, the inflation rate was recorded at 0.8 percent, the same as in December.

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

Annual core inflation slowed to 2.3 percent from 2.4 percent in the previous month.

Joana Taborda | joana.taborda@tradingeconomics.com
3/2/2015 11:17:07 PM


Recent Releases

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

South Korea Inflation Rate Down to 15-Year Low
South Korea annual inflation rate slowed for the second straight month to 0.8 percent in December of 2014 from 1 percent in the previous month. It is the lowest rate since September of 1999 due to a fall in prices of industrial goods and fresh food. Published on 2014-12-31


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-30 11:00 PM
Inflation Rate YoY  Dec
0.8% 1.0% 0.8% 1.08%
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
0.5% 0.4% 0.45%
2015-04-24 09:00 PM
Inflation Rate YoY  Apr
1.01%
2015-05-26 09:00 PM
Inflation Rate YoY  May
1.06%


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.50 0.80 32.50 0.20 percent [+]
Inflation Rate Mom 0.00 0.50 5.29 -2.52 percent [+]
Consumer Price Index CPI 109.40 109.40 109.50 2.90 Index Points [+]
Core Inflation Rate 2.30 2.40 30.50 -0.30 percent [+]
Core Consumer Prices 110.40 110.30 110.40 10.70 Index Points [+]
GDP Deflator 103.00 105.20 105.20 4.20 Index Points [+]
Producer Prices 101.97 101.85 108.97 5.07 Index Points [+]
Producer Prices Change -3.60 -3.60 47.40 -4.36 percent [+]
Export Prices 83.85 82.60 168.80 14.92 Index Points [+]
Import Prices 82.28 80.01 116.89 4.81 Index Points [+]
Food Inflation 1.61 1.95 6434.02 -4.50 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.70 Feb/15 7.14 6821.31 1.65 percent [+]
Canada 1.00 Feb/15 1.00 21.60 -17.80 percent [+]
China 1.40 Feb/15 0.80 28.40 -2.20 percent [+]
Euro Area -0.30 Feb/15 -0.60 5.00 -0.70 percent [+]
France -0.30 Feb/15 -0.40 18.80 -0.70 percent [+]
Germany 0.09 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.37 Feb/15 5.19 11.16 4.38 percent [+]
Indonesia 6.29 Feb/15 6.96 82.40 -1.17 percent [+]
Italy -0.09 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.00 Feb/15 3.07 179.73 2.91 percent [+]
Netherlands 0.14 Feb/15 0.00 11.19 -1.30 percent [+]
Russia 16.70 Feb/15 15.00 2333.30 3.60 percent [+]
South Korea 0.50 Feb/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.80 Feb/15 -0.50 11.92 -1.37 percent [+]
Turkey 7.55 Feb/15 7.24 138.71 -4.01 percent [+]
United Kingdom 0.00 Feb/15 0.30 8.50 0.00 percent [+]
United States 0.00 Feb/15 -0.10 23.70 -15.80 percent [+]