Core consumer prices in South Korea increased 0.90 percent in September of 2020 over the same month in the previous year. source: Statistics Korea
Core Inflation Rate in South Korea averaged 5.39 percent from 1976 until 2020, reaching an all time high of 30.50 percent in December of 1980 and a record low of -0.40 percent in May of 1999. This page provides the latest reported value for - South Korea Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Core Inflation Rate - values, historical data and charts - was last updated on December of 2020.
Core Inflation Rate in South Korea is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in South Korea to stand at 1.10 in 12 months time. In the long-term, the South Korea Core Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.60 percent in 2022, according to our econometric models.