South Korea Inflation Rate Rises As Expected

Consumer prices in South Korea increased by 1.6 percent year-on-year in April of 2018, following a 1.3 percent rise in the previous month and matching market expectations.

Prices rose at a faster pace for: food and non-alcoholic beverages (2.9 percent vs 1.5 percent in March); restaurants and hotels (2.7 percent vs 2.5 percent); transport (1.6 percent vs 1.4 percent); education (1.3 percent vs 1.2 percent); clothing and footwear (2.1 percent vs 1.3 percent); and miscellaneous goods and services (0.8 percent vs 0.3 percent). Meanwhile, housing and utilities inflation eased to 1.1 percent in April from 1.3 percent in March.

For 2018, the Bank of Korea sees inflation at 1.7 percent.

Core CPI, which excludes oil and agricultural products, rose 1.4 percent, following a 1.3 percent increase in March.

On a monthly basis, consumer prices edged up 0.1 percent after inching down 0.1 percent in the previous month and below consensus expectations of a 0.2 percent climb.

South Korea Inflation Rate Rises As Expected

Statistics Korea | Mario |
5/2/2018 9:41:24 AM