South Korea Inflation Rate Steady at 2% in November

South Korea's annual inflation came in at 2 percent in November of 2018, the same as in the previous month while market had expected of a 2.2 percent rise. It remained the highest inflation rate since September 2017, amid a faster rise in cost of housing & utilities while inflation slowed for food and transport.

Year-on-year, prices advanced faster for housing and utilities (1.6 percent vs 0.8 percent in October); restaurant and hotels (2.5 percent vs 2.4 percent); clothing and footwear (0.9 percent vs 0.6 percent); recreation and culture (1.5 percent vs 0.5 percent); miscellaneous goods and services (0.9 percent vs 0.5 percent); furnishing, household equipment & routine maintenance (2.4 percent vs 2.3 percent); and alcoholic beverages and tobacco (0.3 percent vs 0.1 percent). Also, cost of health fell at a softer pace (-0.2 percent vs -0.4 percent). Meantime, inflation was steady for education (at 1.5 percent, the same as in October) while eased for food and non-alcoholic beverages (5.4 percent vs 5.6 percent); and transport (2.6 percent from 4.6 percent). Additionally, cost of communication continued to decline (-1.9 percent vs - 1.8 percent).

Core CPI, which excludes oil and agricultural products, increased by 1.3 percent, after a 1.1 percent rise in October and marking the highest figure in six months

On a monthly basis, consumer prices declined 0.7 percent, following a 0.2 percent fall in October and compared with market consensus of a 0.4 percent decrease.

South Korea Inflation Rate Steady at 2% in November

Statistics Korea l Rida |
12/4/2018 12:04:24 PM