Inflation in Korea
Korea - Inflation (end of period)
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.1||1.3||1.4||1.3||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Korea Inflation (eop) Chart
Source: Korea National Statistics Office and FocusEconomics calculations.
|Bond Yield||1.68||1.55 %||Dec 31|
|Exchange Rate||1,156||0.21 %||Dec 31|
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January 1, 2021
Merchandise exports shot up 12.6% over the same month last year in December amid solid IT demand, following November’s 4.1% increase.
December 31, 2020
Consumer prices rose 0.16% from the previous month in December, swinging from the 0.10% fall logged in November.
December 30, 2020
Business confidence among manufacturing firms fell to 77.0 in January from December's 81.0.
December 30, 2020
Industrial production increased 0.5% in November in annual terms (October: -2.0% yoy).
December 29, 2020
Consumer confidence came in at 89.8 in December, down from November's 97.9.