South Korea Inflation Rate Steady At 1.3% In December


South Korea's consumer prices increased by 1.3 percent year-on-year in December 2016, the same as in the previous two months and in line with market expectations. Cost of transport rebounded while prices of housing and utilities dropped. Also, cost of health and food rose at a slower pace. On a monthly basis, consumer prices edged up 0.1 percent, following a 0.1 percent drop in November and below consensus of 0.2 percent gain.

Year-on-year, prices jumped for transport (+1 percent from -0.2 percent in November), and rose at a faster pace for restaurants and hotels (+2.2 percent from +2.1 percent). In contrast, housing and utilities fell 1.3 percent (+0.1 percent in November) and cost increased at a slower pace for: food and non-alcoholic beverages (+4.1 percent from +4.5 percent in November) and health (+1 percent from +1.1 percent).

Annual core inflation rate decreased to 1.2 percent from 1.4 percent the previous month.

On a monthly basis, consumer prices edged up 0.1 percent, following a 0.1 percent drop in November and below market expectations of 0.2 percent drop. Prices of housing and utilities fell 1 percent while cost of transport rose 0.9 percent.

South Korea Inflation Rate Steady At 1.3% In December


Statistics Korea l Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/29/2016 11:27:17 PM