South Korea Inflation Rate Stable at 0.8%

South Korean annual inflation rate was steady at 0.8 percent in January of 2015, remaining at a fifteen-year low. Prices of fresh food fell again while cost of industrial goods rose slightly.

Year-on-year, cost of fresh food dropped 2.1 percent, following a 2.8 percent fall in December.

Upward pressures came from prices of services (1.5 percent from 1.6 percent in the previous month), agricultural, livestock and fisheries products (up 0.7 percent from 1 percent) and industrial goods  (0.1 percent compared with a 0.6 percent fall in December).

On a monthly basis, consumer prices rose 0.5 percent in January after being flat in December.
Annual core inflation rate was recorded at 2.4 percent, up from 1.6 percent a month earlier.

South Korea Inflation Rate Stable at 0.8%

Joana Taborda |
2/2/2015 11:20:28 PM