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

The inflation rate in South Korea was recorded at 0.70 percent in July of 2015. Inflation Rate in South Korea averaged 7.72 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.

South Korea Inflation Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 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 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. Content for - South Korea Inflation Rate - was last refreshed on Sunday, August 30, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-02 12:00 AM May 0.5% 0.4% 0.5% 0.5%
2015-07-01 12:00 AM Jun 0.7% 0.5% 0.7% 0.57%
2015-08-04 12:00 AM Jul 0.7% 0.7% 0.7% 0.7%
2015-09-01 12:00 AM Aug 0.7% 0.7% 0.81%
2015-09-25 09:00 PM Sep 0.78%
2015-10-27 09:00 PM Oct 0.85%


South Korea Inflation Rate Steady in July


South Korean annual inflation rate was at 0.7 percent in July of 2015, the same pace as in the previous month and matching market consensus. A further decline in cost of housing and utilities and a slowdown in prices of food and non-alcoholic beverages offset an increase in cost of clothing and a slower drop in cost of transport.

Year-on-year, prices declined for: housing, water, electricity, gas and other fuels (-1.7 percent from -1.1 percent), transport (-6.3 percent from -7.7 percent) and recreation and culture (-0.6 percent from -0.9 percent). In contrast, prices increased for: clothing and footwear (+1.0 percent in July from +0.8 percent in June) and health (+1.2 percent from +1.1 percent).
 
Prices moderated for: food and non-alcoholic beverages (+2.3 percent from +2.7 percent); furnishing, household equipment & routine maintenance (+2.7 percent from +3.0 percent) and restaurants and hotels (+2.4 percent from +2.5 percent). Cost remained stable for: communication (-0.2 percent),  education (+1.7 percent) and  miscellaneous goods and services (+2.0 percent).
 
On a monthly basis, consumer prices rose 0.2 percent in July  from remaining flat in the preceding month.
 
Annual core inflation, which strips out volatile energy and food prices, rose 2.0 percent, unchanged from the previous month.
 
For 2015, the country's central bank expects inflation to be between 2.5 percent to 3.5 percent. 

Statistics Korea l Rida Husna l rida@tradingeconomics.com
8/4/2015 4:15:08 AM


Recent Releases

South Korea Inflation Rate at 5-Month High
South Korean annual inflation rate was at 0.7 percent in June of 2015, up from 0.5 percent in May and matching market consensus. It is the highest inflation since January this year, as prices of food and non-alcoholic beverages and restaurants and hotels increased while the decline in cost of transport eased.
Published on 2015-07-01

South Korea Inflation Edges Up in May
South Korean annual inflation rate increased to 0.5 percent in May of 2015 from 0.4 percent in April, matching market forecasts. Prices of food and non-alcoholic beverages surged and a decline in cost of transport eased.
Published on 2015-06-02

South Korea Inflation Rate Stable at 0.4% in April
South Korean annual inflation rate eased to 0.4 percent in April of 2015, the same pace as in the precious month and matching market forecasts. The figure is the lowest since July of 1999.
Published on 2015-05-01

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.
Published on 2015-04-01


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.70 32.50 0.20 percent [+]
Inflation Rate Mom 0.20 0.00 5.29 -2.52 percent [+]
Consumer Price Index CPI 110.00 109.80 110.00 2.90 Index Points [+]
Core Inflation Rate 2.00 2.00 30.50 -0.30 percent [+]
Core Consumer Prices 111.30 111.10 111.30 10.70 Index Points [+]
GDP Deflator 106.70 103.00 106.70 4.20 Index Points [+]
Producer Prices 101.40 101.80 108.97 5.07 Index Points [+]
Producer Prices Change -4.00 -3.60 47.40 -4.36 percent [+]
Export Prices 85.54 84.77 168.80 14.92 Index Points [+]
Import Prices 81.97 82.05 116.89 4.81 Index Points [+]
Food Inflation 2.25 2.66 6434.02 -4.50 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 9.56 Jul/15 8.89 6821.31 1.65 percent [+]
Canada 1.30 Jul/15 1.00 21.60 -17.80 percent [+]
China 1.60 Jul/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.20 Jul/15 0.20 5.00 -0.70 percent [+]
France 0.20 Jul/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Aug/15 0.20 11.54 -7.62 percent [+]
India 3.78 Jul/15 5.40 11.16 3.78 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Jul/15 0.20 25.64 -0.60 percent [+]
Japan 0.20 Jul/15 0.40 25.00 -2.52 percent [+]
Mexico 2.74 Jul/15 2.87 179.73 2.74 percent [+]
Netherlands 1.00 Jul/15 1.00 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain -0.40 Aug/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.10 Jul/15 0.00 8.50 -0.10 percent [+]
United States 0.20 Jul/15 0.10 23.70 -15.80 percent [+]