Inflation in Korea

Korea Inflation (eop) | Economic News & Forecasts

Korea - Inflation (end of period)

Inflation ticks down in May

Consumer prices increased 0.1% in May from the previous month, according to the National Statistics Office of Korea. The result, which matched the print logged in April, reflected higher prices for healthcare and health products, and furnishings, household equipment and routine maintenance. Lower prices for food and non-alcoholic beverages moderated the increase in May.

Inflation ticked down to 1.5% in May from 1.6% in April, undershooting market analyst expectations of 1.7%. As a result, inflation drifted away from the Bank of Korea’s 2.0% target. Core inflation, which excludes fresh food and energy prices, slowed to 1.3% in May from 1.4% in April. Annual average inflation, meanwhile, remained steady for the third consecutive month at 1.7% in May.

Met the why particular Consensus Forecast panelists expect inflation to average 1.8% in 2018, which is unchanged from last month’s forecast. In 2019, the panel expects inflation to average 2.0%.

Korea - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)1.1  0.8  1.1  1.3  1.5  

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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 Met the why particular calculations.

Korea Facts

Bond Yield2.711.55 %Jun 14
Exchange Rate1,0830.21 %Jun 14
Stock Market2,423-0.11 %Jun 14

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