South Korea Inflation Rate Steady At Highest Since February

South Korea's consumer prices increased by 1.3 percent year-on-year in November 2016, the same as in October but below market expectations of a 1.5 percent growth. The inflation rate remained the highest since February this year, as cost of housing and utilities rebounded and prices of health advanced further, while cost of food, and restaurants and hotels rose at a slower pace.

Year-on-year, prices of housing and utilities edged up 0.1 percent, recovering from a 0.4 percent fall in October; and cost of health advanced further by 1.1 percent, compared to a 0.9 percent growth the previous month. Meanwhile, prices rose at a slower pace for: Food and non-alcoholic beverages (+4.5 percent from +5 percent in October) and restaurants and hotels (+2.1 percent from +2.2 percent). By contrast, transport prices continued to fall (-0.2 percent from -1.4 percent in October).

Annual core inflation rate decreased to 1.4 percent from 1.5 percent the previous month.

On a monthly basis, consumer prices fell 0.1 percent, following a 0.1 percent gain in October and in line with market expectations. Prices of housing and utilities rose 0.6 percent while cost of food decreased 1.6 percent.

South Korea Inflation Rate Steady At Highest Since February

Statistics Korea l Joana Ferreira |
11/30/2016 11:41:44 PM