Core consumer prices in South Korea increased 4.32 percent in May of 2023 over the same month in the previous year. source: Statistics Korea
Core Inflation Rate in South Korea averaged 5.26 percent from 1976 until 2023, reaching an all time high of 30.50 percent in December of 1980 and a record low of -0.30 percent in April 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 June of 2023.
Core Inflation Rate in South Korea is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Core Inflation Rate is projected to trend around 2.00 percent in 2024 and 1.70 percent in 2025, according to our econometric models.