South Korea Inflation Rate Steady in January


In January of 2014, South Korean annual inflation rate remained steady at 1.1 percent. Prices of fresh food dropped 12.9 percent.

Year-on-year, a 5.6 percent drop in prices of agricultural, livestock and fisheries products was partly offset by a 1.7 percent rise in cost of industrial goods (1.7 percent) and services (1.3 percent).

On a monthly basis, prices accelerated for the second straight month to 0.5 percent, up from 0.12 percent in December.

Annual core inflation rate, which strips out prices of food and fuel, slowed to 1.7 percent from 1.9 percent in December.

South Korea Inflation Rate Steady in January


Joana Taborda | joana.taborda@tradingeconomics.com
2/3/2014 11:16:17 PM