Cost of food in South Korea increased 0.10 percent in December of 2019 over the same month in the previous year. Food Inflation in South Korea averaged 116.88 percent from 1970 until 2019, reaching an all time high of 6434.02 percent in January of 1985 and a record low of -4.50 percent in February of 1987. source: Statistics Korea
Food Inflation in South Korea is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in South Korea to stand at 1.70 in 12 months time. In the long-term, the South Korea Food Inflation is projected to trend around 2.90 percent in 2020, according to our econometric models.