Core consumer prices in South Korea increased 0.70 percent in July of 2020 over the same month in the previous year.

Core Inflation Rate in South Korea averaged 5.41 percent from 1976 until 2020, reaching an all time high of 30.50 percent in December of 1980 and a record low of -0.40 percent in May of 1999. This page provides the latest reported value for - South Korea Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Core Inflation Rate - values, historical data and charts - was last updated on August of 2020. source: Statistics Korea

Core Inflation Rate in South Korea is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in South Korea to stand at 1.40 in 12 months time. In the long-term, the South Korea Core Inflation Rate is projected to trend around 1.70 percent in 2021, according to our econometric models.

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South Korea Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 30.50 -0.40 1976 - 2020 percent Monthly
2015=100, NSA

South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.00 32.50 -0.40 percent [+]
Inflation Rate Mom 0.00 0.20 5.29 -2.52 percent [+]
Consumer Price Index CPI 104.86 104.87 105.80 2.63 points [+]
Core Consumer Prices 105.89 105.97 105.97 9.61 points [+]
Core Inflation Rate 0.70 0.60 30.50 -0.40 percent [+]
GDP Deflator 103.39 101.77 106.94 0.79 points [+]
Producer Prices 102.52 101.96 107.95 5.03 points [+]
Producer Prices Change -0.90 -1.80 47.40 -4.70 percent [+]
Export Prices 94.75 94.46 202.14 17.87 points [+]
Import Prices 101.33 98.82 145.47 5.99 points [+]
Food Inflation 3.30 2.40 6434.02 -4.50 percent [+]
Inflation Expectations 1.70 1.60 4.60 1.60 percent [+]
Cpi Housing Utilities 101.18 103.67 104.11 31.61 points [+]
CPI Transportation 99.60 97.54 112.54 27.63 points [+]


South Korea Core Inflation Rate
In South Korea, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.