South Korea Inflation Rate  1966-2017 | Data | Chart | Calendar | Forecast

South Korea inflation rate rose to 2.2 percent in March of 2017 from 1.9 percent in the previous month. It was the highest annual rate since June of 2012 and outpaced expectations at 2.0 percent. The inflation rate surpassed the central bank target of 2 percent for the second time in 4.5 years. On a monthly basis, consumer prices were unchanged following a 0.3 percent rise in February. Inflation Rate in South Korea averaged 7.50 percent from 1966 until 2017, 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.

South Korea Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-01 11:00 PM Jan 2.0% 1.3% 1.5% 1.5%
2017-03-02 11:00 PM Feb 1.9% 2.0% 1.6% 1.9%
2017-04-03 11:00 PM Mar 2.2% 1.9% 2% 2%
2017-05-01 11:00 PM Apr 2.2% 2% 2.1%
2017-05-31 11:00 PM May 2.4%
2017-07-03 11:00 PM Jun 2.4%




South Korea Annual Inflation At Near 5-Year High


South Korea inflation rate rose to 2.2 percent in March of 2017 from 1.9 percent in the previous month. It was the highest annual rate since June of 2012 and outpaced expectations at 2.0 percent. The inflation rate surpassed the central bank target of 2 percent for the second time in 4.5 years.

Prices increased at a faster pace for food & non-alcoholic beverages (3.5 from 2.9 percent in February), clothing & footwear (1.2 percent from 1.1 percent), furnishings & household equipment (1.0 percent from 0.4 percent), and transport (6.4 percent from 6.0 percent). Prices of utilities rose at a 1.1 percent pace following no change in the previous month.

In contrast, prices increased at a softer pace for communication (0.2 percent from 0.8 percent in February), miscellaneous goods & services (2.8 percent from 3.1 percent), health (1.1 percent from 1.2 percent), and recreation & culture (1.0 percent from 1.1 percent).

Meanwhile, prices rose at the same pace for liquor & tobacco (1.4 percent), education (1.3 percent), and restaurants & hotels (2.3 percent).

On a monthly basis, consumer prices remained unchanged following a 0.3 percent rise in February.

Mario | mario@tradingeconomics.com
4/4/2017 5:31:09 PM



South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 1.90 32.50 0.20 percent [+]
Inflation Rate Mom 0.00 0.30 5.29 -2.52 percent [+]
Consumer Price Index CPI 102.79 102.77 102.79 2.63 Index Points [+]
Core Consumer Prices 102.75 102.73 102.75 9.61 Index Points [+]
Core Inflation Rate 1.40 1.50 30.50 -0.30 percent [+]
GDP Deflator 107.37 109.73 109.73 0.79 Index Points [+]
Producer Prices 102.59 102.70 108.97 5.08 Index Points [+]
Producer Prices Change 4.20 4.30 47.40 -4.70 percent [+]
Export Prices 84.96 86.14 168.80 14.92 Index Points [+]
Import Prices 81.52 83.12 116.89 4.81 Index Points [+]
Food Inflation 3.50 2.90 6434.02 -4.50 percent [+]
Cpi Transportation 101.85 101.96 112.54 27.63 Index Points [+]


South Korea Inflation Rate Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.90 32.50 0.20 1966 - 2017 percent Monthly
2010=100, NSA



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