Korea Inflation


Inflation remains within Central Bank's target range

In October, consumer prices fell 0.09% over the previous month, which contrasted the 0.66% increase recorded in September. Annual inflation inched up from 2.0% in September to 2.1% in October, in line with market expectations. As a result, annual inflation remains in the Central Bank's target range of 3.0% plus/minus 1.0 percentage points. The core inflation index, which excludes more volatile items such as fresh food and energy, was flat over the previous month, following the 0.10% increase observed in September. Annual core inflation inched up from 1.4% in September to 1.5%.


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Korea Inflation Chart

Korea Inflation October 2012

Note: Month-on-month and year-on-year variation of consumer price index in %.
Source: KOSTAT-KOSIS and FocusEconomics calculations.

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