Korea: Annual headline inflation remains unchanged in October
November 5, 2014
In October, consumer prices fell 0.30% over the previous month, which was down from the 0.06% drop recorded in September. The monthly decrease mainly reflected lower prices for food and beverages as well as for transport.
October annual headline inflation mirrored the 1.2% print recorded in September. As a result, annual average inflation also remained unchanged at September’s 1.3%.
Core consumer prices, which exclude fresh food and energy prices, fell 0.01% over the previous month, which followed the 0.05% drop observed in September. Regarding annual figures, core inflation edged down from 1.9% in September to 1.8% in October.
Author: Cecilia Simkievich, Economist