Korea skyline

Korea Inflation August 2020

Korea: Inflation hits highest level since March in August

Consumer prices increased 0.61% in August over the previous month, contrasting July’s 0.01% drop. August’s result was the sharpest increase in prices since January, and was driven by soaring prices for food and non-alcoholic beverage and a moderate increase in housing and utilities prices.

Inflation increased to 0.7% in August, which was up from July’s 0.3%. August’s result was the highest inflation rate since March. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 0.4% in August (July: 0.3%). Lastly, core inflation ticked up to 0.8% from July’s 0.7%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest