Inflation in Korea

Korea Inflation (eop) | Economic News & Forecasts

Korea - Inflation (end of period)

Inflation hits highest level since March in September

Consumer prices increased 0.66% in September over the previous month, slightly up from the 0.61% increase recorded in August. September's figure was the sharpest increase in prices since September 2018. The reading was largely due to rising prices for food and non-alcoholic beverages as well as for housing and utilities.

Inflation came in at 1.0% in September, up from August’s 0.7%. September's reading represented the highest inflation rate since March. Annual average inflation ticked up to 0.5% in September (August: 0.4%). Core inflation ticked up to 0.9% in the same month from August’s 0.8%.

FocusEconomics panelists project inflation averaging 0.4% in 2020, which is unchanged from last month’s forecast, and 1.0% in 2021, which is down 0.1 percentage points from the previous month’s estimates.

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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