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

The inflation rate in South Korea was recorded at 0.80 percent in January of 2015. Inflation Rate in South Korea averaged 7.79 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
0.80 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 Sunday, March 1, 2015.


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.

Year-on-year, cost of fresh food dropped 2.1 percent, following a 2.8 percent fall in December.

Upward pressures came from prices of services (1.5 percent from 1.6 percent in the previous month), agricultural, livestock and fisheries products (up 0.7 percent from 1 percent) and industrial goods  (0.1 percent compared with a 0.6 percent fall in December).

On a monthly basis, consumer prices rose 0.5 percent in January after being flat in December.
 
Annual core inflation rate was recorded at 2.4 percent, up from 1.6 percent a month earlier.

Joana Taborda | joana.taborda@tradingeconomics.com
2/2/2015 11:20:28 PM


Recent Releases

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

South Korea Inflation Rate at 9-Month Low
South Korea annual inflation rate slowed to 1 percent in November of 2014 from 1.2 percent in the previous month. It is the lowest rate since February due to a fall in prices of industrial goods. Published on 2014-12-01


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-01 11:00 PM
Inflation Rate YoY  Nov
1.0% 1.2% 1.2% 1.23%
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
0.8% 0.8% 0.68%
2015-03-26 09:00 PM
Inflation Rate YoY  Mar
0.95%
2015-04-24 09:00 PM
Inflation Rate YoY  Apr
1.01%


South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.80 32.50 0.20 percent [+]
Inflation Rate Mom 0.50 0.00 5.29 -2.52 percent [+]
Consumer Price Index CPI 109.40 108.80 109.50 2.90 Index Points [+]
Core Inflation Rate 2.40 1.60 30.50 -0.30 percent [+]
Core Consumer Prices 110.30 109.30 110.30 10.70 Index Points [+]
GDP Deflator 104.80 103.00 104.80 4.20 Index Points [+]
Producer Prices 101.86 103.13 108.97 5.07 Index Points [+]
Producer Prices Change -3.60 -2.10 47.40 -4.36 percent [+]
Export Prices 82.71 86.31 168.80 14.92 Index Points [+]
Import Prices 80.25 86.54 116.89 4.81 Index Points [+]
Food Inflation 1.99 1.70 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 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.19 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]