Core consumer prices in South Korea increased 1 percent in July of 2019 over the same month in the previous year. Core Inflation Rate in South Korea averaged 5.52 percent from 1976 until 2019, 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.
Core Inflation Rate in South Korea is expected to be 1.20 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 1.40 in 12 months time. In the long-term, the South Korea Core Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.