Core consumer prices in South Korea increased 1.3 percent year-on-year in August of 2021, the most since June of 2018 and up from a 1.2 percent rise in July. source: Statistics Korea

Core Inflation Rate in South Korea averaged 5.30 percent from 1976 until 2021, reaching an all time high of 30.50 percent in December of 1980 and a record low of -0.40 percent in May 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 October of 2021.

Core Inflation Rate in South Korea is expected to be 2.00 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 2022, according to our econometric models.

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South Korea Core Inflation Rate


South Korea Last Unit Reference Previous Highest Lowest
Inflation Rate 2.50 percent Sep/21 2.60 32.50 -0.40
Inflation Rate Mom 0.50 percent Sep/21 0.60 5.29 -2.52
Consumer Price Index CPI 108.83 points Sep/21 108.29 108.83 2.63
Core Consumer Prices 108.25 points Sep/21 107.95 108.25 9.61
Core Inflation Rate 1.30 percent Aug/21 1.20 30.50 -0.40
Food Inflation 5.60 percent Aug/21 6.40 6434.02 -4.50
CPI Transportation 107.79 points Sep/21 108.03 112.54 27.63
Cpi Housing Utilities 105.49 points Sep/21 103.82 105.49 31.61


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.