Korea skyline

Korea Inflation April 2018

Korea: Inflation picks up in April

Consumer prices increased 0.1% in April from the previous month, according to the National Statistics Office of Korea. The result, which contrasted the 0.1% month-on-month decrease in March, reflected higher prices for food and non-alcoholic beverages, recreation and culture, and restaurant and hotels. Market analysts were expecting a 0.2% increase in April.

Inflation hit 1.6% in April, matching market analyst expectations and picking up from March’s 1.3%. January’s minimum wage hike and higher international oil prices were, to an extent, responsible for accelerating inflation in April, which is now closer to the Bank of Korea’s 2.0% target. The core inflation rate, which excludes fresh food and energy prices, remained at March’s 1.4% in April. Annual average inflation, meanwhile, remained steady at 1.7% in April.

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