South Korean Inflation Rate Slows to 13-Year Low in May


In South Korea, the Consumer Price Index was unchanged from the preceding month and rose 1.0 percent from May 2012. The inflation rate decreased 0.2 pp from the previous month and was at its lowest level since 0.8 percent in September 1999.

The index for Clothing and footwear and Miscellaneous goods and services increased 1.5 percent respectively in May. The index for Housing, water, electricity, gas and other fuels and Health went up 0.2 percent respectively in May. The index for Communication, Education and Restaurants and hotels increased 0.1 percent respectively in May. The index for Recreation and culture went up 0.4 percent respectively in May.

The index for Food and non-alcoholic beverages and Transport decreased 0.8 percent and 1.3 percent respectively in May. The index for Alcoholic beverages and tobacco and Furnishings, household equipment and routine maintenance remained unchanged in May.

The index excluding agricultural products and oils was 106.3 in May 2013. The index increased 0.4 percent from the preceding month and rose 1.6 percent from May 2012.

South Korean Inflation Rate Slows to 13-Year Low in May


Kostat | Nuno Fontes | nuno@tradingeconomics.com
6/3/2013 10:22:43 AM