South Korea Inflation Rate  1966-2016 | Data | Chart | Calendar | Forecast

Consumer prices in South Korea increased 0.8 percent year-on-year in May of 2016, compared to 1.0 rise in the previous month and below market expectations of 0.9 percent. It is the lowest reading since January, as prices of food rose at a slower pace while cost of housing and utilities edged up. Core inflation was recorded at 1.6 percent, down from 1.8 percent in the previous month. On a monthly basis, consumer prices were flat. Inflation Rate in South Korea averaged 7.62 percent from 1966 until 2016, 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
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Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.00 32.50 0.20 1966 - 2016 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 the latest reported value for - South Korea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Inflation Rate - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-31 11:00 PM Mar 1.0% 1.3% 1.3% 1.4%
2016-05-02 11:00 PM Apr 1% 1.0% 1% 1.0%
2016-05-31 11:00 PM May 0.8% 1% 0.9% 0.9%
2016-06-30 11:00 PM Jun 0.8% 0.8% 0.7%
2016-08-01 11:00 PM Jul 0.9%
2016-08-31 11:00 PM Aug 0.9%

South Korea Inflation Rate at 4-Month Low In May


Consumer prices in South Korea increased 0.8 percent year-on-year in May of 2016, compared to 1.0 rise in the previous month and below market expectations of 0.9 percent. It is the lowest reading since January, as prices of food rose at a slower pace while cost of housing and utilities edged up. Core inflation was recorded at 1.6 percent, down from 1.8 percent in the previous month. On a monthly basis, consumer prices were flat.

Year-on-year, prices rose at a slower pace for: food and non-alcoholic beverages (+0.8 percent in May from +3.4 percent in April), clothing & footwear (+2.2 percent from +2.3 percent); furnishing, household equipment & routine maintenance (+0.7 percent from +1.8 percent) while accelerated for housing, water, electricity, gas and other fuels (+0.2 percent from -0.2 percent) and recreation and culture (+1.6 percent from +0.6 percent). While the growth was steady for alcoholic beverages and tobacco (+0.7 percent), health (+1.1 percent), education (+1.6 percent), restaurants and hotels (+2.4 percent) and miscellaneous goods and services (+1.4 percent). In contrast, cost declined for transport (-3.0 percent from -3.0 percent). 

Core inflation rate was recorded at 1.6 percent from a year earlier in April, as compared to 1.8 percent in the previous month.

On a monthly basis,  consumer prices were flat, following a 0.1 percent increase in April and below market consensus.

Statistics Korea l Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/1/2016 1:02:36 AM

South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 1.00 32.50 0.20 percent [+]
Inflation Rate Mom 0.00 0.10 5.29 -2.52 percent [+]
Consumer Price Index CPI 110.66 110.61 110.76 2.90 Index Points [+]
Core Consumer Prices 112.85 112.65 112.85 10.70 Index Points [+]
Core Inflation Rate 1.60 1.80 30.50 -0.30 percent [+]
GDP Deflator 108.46 104.90 108.46 0.79 Index Points [+]
Producer Prices 98.68 98.60 108.97 5.07 Index Points [+]
Producer Prices Change -3.10 -3.10 47.40 -4.70 percent [+]
Export Prices 80.45 78.19 168.80 14.92 Index Points [+]
Import Prices 77.43 74.77 116.89 4.81 Index Points [+]
Food Inflation 0.80 3.40 6434.02 -4.50 percent [+]
Cpi Transportation 96.75 96.05 112.12 27.53 Index Points [+]




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Bahrain 3.70 May/16
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Belize 0.10 Apr/16
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Bolivia 5.02 May/16
Bosnia and Herzegovina -1.60 May/16
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Brazil 9.32 May/16
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Burundi 2.70 May/16
Cambodia 2.03 Mar/16
Cameroon 1.47 Dec/15
Canada 1.50 May/16
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Chad 0.60 Apr/16
Chile 4.20 May/16
China 2.00 May/16
Colombia 8.20 May/16
Comoros 1.40 Dec/14
Congo 2.16 Apr/16
Costa Rica 0.43 May/16
Croatia -1.80 May/16
Cuba 4.40 Dec/15
Cyprus -2.13 May/16
Czech Republic 0.10 May/16
Denmark 0.10 May/16
Djibouti 2.60 Mar/15
Dominican Republic 1.71 May/16
East Timor -1.70 May/16
Ecuador 1.63 May/16
Egypt 12.30 May/16
El Salvador 0.73 May/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia -0.90 May/16
Ethiopia 7.90 May/16
Euro Area 0.10 Jun/16
European Union -0.10 May/16
Fiji 5.20 May/16
Finland 0.30 May/16
France 0.20 Jun/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 2.10 May/16
Germany 0.30 Jun/16
Ghana 18.90 May/16
Greece -0.90 May/16
Guatemala 4.27 May/16
Guinea 8.20 May/16
Guinea Bissau 2.20 Apr/16
Guyana 0.30 Mar/16
Haiti 15.10 May/16
Honduras 2.36 May/16
Hong Kong 2.60 May/16
Hungary -0.20 May/16
Iceland 1.60 Jun/16
India 5.76 May/16
Indonesia 3.33 May/16
Iran 7.40 Apr/16
Iraq 2.50 May/16
Ireland 0.00 May/16
Israel -0.80 May/16
Italy -0.40 Jun/16
Ivory Coast 2.30 May/16
Jamaica 2.10 May/16
Japan -0.30 Apr/16
Jordan -1.60 May/16
Kazakhstan 16.70 May/16
Kenya 5.80 Jun/16
Kosovo -0.10 May/16
Kuwait 2.80 May/16
Kyrgyzstan 0.30 May/16
Laos 0.96 Apr/16
Latvia -0.80 May/16
Lebanon -2.45 May/16
Lesotho 7.80 Apr/16
Liberia 7.10 Mar/16
Libya 10.10 Nov/15
Liechtenstein -0.40 May/16
Lithuania 0.50 May/16
Luxembourg -0.03 May/16
Macau 2.64 May/16
Macedonia -0.70 May/16
Madagascar 6.20 Apr/16
Malawi 21.50 May/16
Malaysia 2.00 May/16
Maldives 0.60 Apr/16
Mali -0.60 May/16
Malta 1.00 May/16
Mauritania 0.90 Apr/16
Mauritius 0.80 May/16
Mexico 2.60 May/16
Moldova 7.90 May/16
Mongolia 1.80 May/16
Montenegro -1.00 May/16
Morocco 1.90 May/16
Mozambique 18.27 May/16
Myanmar 14.59 Nov/15
Namibia 6.70 May/16
Nepal 10.00 May/16
Netherlands 0.00 May/16
New Caledonia 0.80 May/16
New Zealand 0.40 Mar/16
Nicaragua 3.70 May/16
Niger 2.10 May/16
Nigeria 15.60 May/16
North Korea 55.00 Jul/13
Norway 3.40 May/16
Oman 1.14 May/16
Pakistan 3.17 May/16
Palestine -0.31 May/16
Panama 0.30 May/16
Papua New Guinea 6.40 Dec/15
Paraguay 3.50 May/16
Peru 3.54 May/16
Philippines 1.60 May/16
Poland -0.80 Jun/16
Portugal 0.30 May/16
Puerto Rico -0.20 Apr/16
Qatar 2.60 May/16
Republic of the Congo 3.70 Apr/15
Romania -3.50 May/16
Russia 7.30 May/16
Rwanda 4.40 May/16
Sao Tome and Principe 6.00 Apr/16
Saudi Arabia 4.10 May/16
Senegal 1.30 Apr/16
Serbia 0.70 May/16
Seychelles -1.20 May/16
Sierra Leone 8.85 Dec/15
Singapore -1.60 May/16
Slovakia -0.80 May/16
Slovenia 0.30 Jun/16
Somalia -4.00 Dec/14
South Africa 6.10 May/16
South Korea 0.80 May/16
South Sudan 295.00 May/16
Spain -0.80 Jun/16
Sri Lanka 6.00 Jun/16
Sudan 13.98 May/16
Suriname 46.10 Apr/16
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Sweden 0.60 May/16
Switzerland -0.40 May/16
Syria 44.70 Nov/15
Taiwan 1.24 May/16
Tajikistan 5.20 May/16
Tanzania 5.20 May/16
Thailand 0.46 May/16
Togo 2.40 May/16
Trinidad and Tobago 3.50 Apr/16
Tunisia 3.60 May/16
Turkey 6.58 May/16
Turkmenistan 7.00 Dec/15
Uganda 5.90 Jun/16
Ukraine 7.50 May/16
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United Kingdom 0.30 May/16
United States 1.00 May/16
Uruguay 11.00 May/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.40 Jun/16
Yemen 9.49 Nov/14
Zambia 21.00 Jun/16
Zimbabwe -1.69 May/16