Cost of food in South Korea increased 8.40 percent in March of 2021 over the same month in the previous year. source: Statistics Korea

Food Inflation in South Korea averaged 114.14 percent from 1970 until 2021, 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. This page provides the latest reported value for - South Korea Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Food Inflation - values, historical data and charts - was last updated on April of 2021.

Food Inflation in South Korea is expected to be 8.90 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 9.50 in 12 months time. In the long-term, the South Korea Food Inflation is projected to trend around 2.40 percent in 2022 and 2.90 percent in 2023, according to our econometric models.

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South Korea Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
8.40 9.70 6434.02 -4.50 1970 - 2021 percent Monthly
2015=100, NSA

South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.10 32.50 -0.40 percent [+]
Inflation Rate Mom 0.10 0.50 5.29 -2.52 percent [+]
Consumer Price Index CPI 107.16 107.00 107.16 2.63 points [+]
Core Consumer Prices 106.86 106.75 106.86 9.61 points [+]
Core Inflation Rate 0.80 0.90 30.50 -0.40 percent [+]
GDP Deflator 104.42 107.28 107.28 0.74 points [+]
Producer Prices 105.85 105.05 107.95 5.03 points [+]
Producer Prices Change 2.00 0.90 47.40 -4.70 percent [+]
Export Prices 101.46 98.23 202.14 17.87 points [+]
Import Prices 109.73 106.12 145.47 5.99 points [+]
Food Inflation 8.40 9.70 6434.02 -4.50 percent [+]
Inflation Expectations 2.10 2.00 4.60 1.60 percent [+]
Cpi Housing Utilities 104.48 104.18 104.48 31.61 points [+]
CPI Transportation 104.04 102.70 112.54 27.63 points [+]