Korea skyline

Korea Inflation August 2018

Korea: Inflation slows to a five-month low in August

According to the National Statistics Office of Korea, consumer prices rose 0.5% over the previous month in August, up from the 0.2% rise in July. The increase was primarily due to higher prices for transport, and food and non-alcoholic beverages, which more than outweighed lower prices for housing, water, electricity, gas and other fuels.

Inflation dipped to 1.4% in August from 1.5% in July, representing a five-month low. This undershot market analysts’ expectations of 1.5% and left the rate once again below the Bank of Korea’s 2.0% target. Core inflation, which excludes fresh food and energy prices, remained steady at July’s 1.0%. Annual average inflation, meanwhile, ticked down from 1.6% in July to 1.5% in August.

Korea Inflation Forecast

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