Inflation in Korea

Korea Inflation (eop) | Economic News & Forecasts

Korea - Inflation (end of period)

Inflation comes in at highest level since December 2011 in November

Consumer prices rose 0.40% in November over the previous month, accelerating from October's 0.13% increase. Looking at the details of the release, food and non-alcoholic beverages prices rose in November after dropping in the previous month, while price pressures for transportation picked up pace.

Inflation rose to 3.7% in November, following October’s 3.2%. November's figure was the highest inflation rate since December 2011. Annual average inflation rose to 2.2% in November (October: 1.9%). Finally, core inflation fell to 2.3% in November, from the previous month's 2.8%.

FocusEconomics panelists project inflation averaging 1.8% in 2022, which is up 0.2 percentage points from last month’s forecast, and 1.6% in 2023.

Korea - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)1.1  1.3  1.4  1.3  0.7  

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Korea Inflation (eop) 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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