South Korea Inflation Rate Slows in February

South Korea annual inflation rate eased to a four-month low 1 percent in February of 2014, down from 1.1 percent in the previous two months.

Downward pressures came from food prices which fell 1.3 percent over a year earlier. Cost of transport and communication also fell on the year by 0.8 percent and 0.2 percent, respectively. 

Cost of clothing and footwear recorded the highest annual rate (3.9 percent), followed by housing prices (3.6 percent).

On a monthly basis, prices rose 0.3 percent, less than 0.5 percent in January. The index for food and non-alcoholic beverages, alcoholic beverages and tobacco, housing, water, electricity, gas and other fuels and furnishings, household equipment and routine maintenance increased 1.0 percent, 0.1 percent, 0.4 percent and 0.7 percent respectively in February. 

The index for transport and recreation and culture decreased 0.2 percent and 0.9 percent respectively in February. Prices of clothing and footwear, health and communication remained unchanged.

South Korea Inflation Rate Slows in February

Statistics Korea | Joana Taborda |
3/4/2014 11:24:22 AM