Korea Inflation


Inflation drops below Central Bank's target range

In November, consumer prices fell 0.37% over the previous month, which followed the 0.09% drop recorded in October. Annual inflation fell from 2.1% in October to 1.6% in November, below market expectations of a 2.0% rate. As a result, annual inflation fell below 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, added 0.10% over the previous month, following the flat reading observed in October. Annual core inflation inched down from 1.5% in October to 1.3%.


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Korea Inflation Chart

Korea Inflation November 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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