South Korea Inflation Rate Steady at 0.8% YoY in June

Consumer prices in South Korea rose 0.8 percent year-on-year in June of 2016, the same pace as in May and matching market expectations. While prices of food and transport declined, cost of housing and utilities were stable.
Statistics Korea l Rida Husna | rida@tradingeconomics.com 7/1/2016 7:23:36 AM
Year-on-year, upward prices pressure came from: alcoholic beverages and tobacco (+0.6 percent from +0.7 percent in May), clothing & footwear (+2.2 percent from +2.2 percent); furnishing, household equipment & routine maintenance (+1.8 percent from +0.7 percent), health (+1.3 percent from +1.1 percent), communication (+0.1 percent from +0.1 percent), recreation and culture (+1.8 percent from +1.6 percent), education (+1.6 percent from +1.6 percent), restaurants and hotels (+2.4 percent from +2.4 percent) and miscellaneous goods and services (+1.9 percent from +1.4 percent). In contrast, cost declined for food and non-alcoholic beverages (-0.3 percent from +0.8 percent) and transport (- 2.1 percent from -3.0 percent). Cost was stable for housing, water, electricity, gas and other fuels (+0.2 percent).  

Core inflation was recorded at 1.7 percent, up from 1.6 percent in the previous month.

On a monthly basis, consumer prices were flat after remaining unchanged in a month earlier.

South Korea Inflation Rate Steady at 0.8% YoY in June