Core consumer prices in South Korea increased 2.70 percent in December of 2021 over the same month in the previous year. source: Statistics Korea

Core Inflation Rate in South Korea averaged 5.29 percent from 1976 until 2021, 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 January of 2022.

Core Inflation Rate in South Korea is expected to be 2.10 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 1.60 percent in 2023, according to our econometric models.

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South Korea Core Inflation Rate

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.40 30.50 -0.30 1976 - 2021 percent Monthly
2015=100, NSA

Related Last Previous Unit Reference
Inflation Rate 3.70 3.80 percent Dec/21
Inflation Rate Mom 0.20 0.50 percent Dec/21
Consumer Price Index CPI 104.04 103.87 points Dec/21
Core Inflation Rate 2.70 2.40 percent Dec/21
Core Consumer Prices 103.25 102.81 points Dec/21
Food Inflation 6.20 5.90 percent Dec/21
CPI Transportation 109.41 111.48 points Dec/21
CPI Housing Utilities 103.40 103.11 points Dec/21