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

Consumer prices in South Korea rose 0.8 percent year-on-year in January of 2016, following a 1.3 percent growth in the preceding month and below expectations. It was the lowest figure since September of 2015, as cost of food rose at a slower pace while housing & utilities and transport fell. Core inflation rate was recorded at 1.7 percent, the lowest since December of 2014. On a monthly basis, prices were flat. Inflation Rate in South Korea averaged 7.65 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 1.30 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-30 11:00 PM Nov 1.0% 0.9% 0.9% 0.88%
2015-12-30 11:00 PM Dec 1.3% 1.0% 1.1% 1.06%
2016-02-01 11:00 PM Jan 0.8% 1.3% 0.9% 0.92%
2016-03-02 11:00 PM Feb 0.8% 0.61%
2016-03-31 11:00 PM Mar 0.55%
2016-05-02 11:00 PM Apr 0.48%

South Korea Inflation Rate at 4-Month Low


Consumer prices in South Korea rose 0.8 percent year-on-year in January of 2016, following a 1.3 percent growth in the preceding month and below expectations. It was the lowest figure since September of 2015, as cost of food rose at a slower pace while housing & utilities and transport fell. Core inflation rate was recorded at 1.7 percent, the lowest since December of 2014. On a monthly basis, prices were flat.

Year-on-year, prices increased for: food and  non-alcoholic beverages (+1.6 percent in January from +1.9 percent in December); clothing & footwear (+0.6 percent from +1.3 percent); furnishing, household equipment & routine maintenance (+2.6 percent from +2.8 percent) and restaurants and hotels (+2.8 percent from +2.8 percent). In contrast, cpst declined for: housing, water, electricity, gas and other fuels (-0.1 percent), transport (-2.2 percent) and communication (-0.1 percent). Also, prices went up for recreation & culture (+0.6 percent) and education (+1.8 percent), health (+1.3 percent) and miscellaneous goods and services (+0.9 percent).

Core inflation rate was recorded at 1.7 percent, following 2.4 percent in the previous month and the lowest since December of 2014. 

On a monthly basis,  consumer prices remained unchanged, as compared to a 0.3 percent growth in December. 

Statistics Korea l Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/1/2016 11:51:06 PM

South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 1.30 32.50 0.20 percent [+]
Inflation Rate Mom 0.00 0.30 5.29 -2.52 percent [+]
Consumer Price Index CPI 110.26 110.21 110.26 2.90 Index Points [+]
Core Consumer Prices 112.10 111.92 112.10 10.70 Index Points [+]
Core Inflation Rate 1.70 2.40 30.50 -0.30 percent [+]
GDP Deflator 108.00 106.20 108.00 0.79 Index Points [+]
Producer Prices 99.06 99.25 108.97 5.07 Index Points [+]
Producer Prices Change -3.90 -4.60 47.40 -4.60 percent [+]
Export Prices 81.17 80.98 168.80 14.92 Index Points [+]
Import Prices 76.22 77.03 116.89 4.81 Index Points [+]
Food Inflation 1.60 1.90 6434.02 -4.50 percent [+]




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Portugal 0.40 Dec/15
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Russia 9.80 Jan/16
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Sao Tome and Principe 4.00 Dec/15
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