Inflation in Korea

Korea Inflation | Economic News & Forecasts

Korea - Inflation

Inflation recedes in December

Consumer prices rose 0.16% from the previous month in December, swinging from the 0.10% fall logged in November. The rebound was broad-based, with greater price pressures recorded for housing and utilities, transportation, and food and non-alcoholic beverages. In addition, prices for recreation and culture fell at a more modest pace.

Inflation came in at 0.5% in December, following November’s 0.6%. Accordingly, the trend pointed down mildly, with annual average inflation coming in at 0.5% in December (November: 0.6%). Lastly, core inflation fell to 0.9% from November’s 1.0%.

FocusEconomics panelists project inflation averaging 1.1% in 2021, which is unchanged from last month’s forecast, and 1.4% in 2022.

Korea - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.7  1.0  1.9  1.5  0.4  

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Korea Inflation Chart


Korea Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Korea National Statistics Office and FocusEconomics calculations.

Korea Facts

Value Change Date
Bond Yield1.681.55 %Dec 31
Exchange Rate1,1560.21 %Dec 31

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