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.

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


Statistics Korea l Rida Husna | rida@tradingeconomics.com
7/1/2016 7:23:36 AM