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.

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South Korea Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.70 6434.02 -4.50 1970 - 2019 percent Monthly
2015=100, NSA

South Korea Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.20 32.50 -0.40 percent [+]
Inflation Rate Mom 0.20 -0.60 5.29 -2.52 percent [+]
Consumer Price Index CPI 105.12 104.87 105.65 2.63 points [+]
Core Consumer Prices 105.35 105.22 105.54 9.61 points [+]
Core Inflation Rate 0.60 0.50 30.50 -0.40 percent [+]
GDP Deflator 105.20 103.90 106.94 0.79 points [+]
Producer Prices 103.71 103.41 107.95 5.03 points [+]
Producer Prices Change 0.70 -0.10 47.40 -4.70 percent [+]
Export Prices 97.54 96.74 202.14 17.87 points [+]
Import Prices 108.84 107.11 145.47 5.99 points [+]
Food Inflation 0.10 -0.70 6434.02 -4.50 percent [+]
Inflation Expectations 1.70 1.70 4.60 1.70 percent [+]
Cpi Housing Utilities 103.50 103.33 103.50 31.61 points [+]
CPI Transportation 103.58 103.12 112.54 27.63 points [+]